- AUD/CAD has hit fresh 2016 highs at 1.0157 on Tuesday's trade, bias remains higher.
- The pair has broken major trendline resistance at 1.00 on the weekly charts.
- Weekly 200 MA at 0.9835 is strong support on the downside, weakness could resume only on break below.
- Our previous call (http://www.econotimes.com/FxWirePro-AUD-CAD-struggles-to-break-major-trendline-resistance-at-09990-long-break-above-315381) has hit all targets.
- Bulls likely to target 1.0169 (Dec 2015 high) and then 1.0350 (2014 high).
Recommendation: Book partial profits, stay long for targets: 1.0169/ 1.02/ 1.0350


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