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AUD/CAD chart - Trading View
AUD/CAD grinds higher along 5-DMA support, trades 0.21% higher at 0.9319 at 10:30 GMT.
Technical indicators on the daily charts are turning slightly bullish.
Stochs and RSI have rolled over from oversold levels and are biased higher.
Price action finds stiff resistance at 21-EMA at 0.9343, break above to see further upside.
Next major resistance above 21-EMA lies at 38.2% Fib at 0.9420. Break below 5-DMA will see dip till 0.92 (trendline).
Focus on the latest BoC monetary policy update, due to be announced on Wednesday for further impetus.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
