FxWirePro: AUD/CAD holds 200-DMA support, weakness only on break below

• AUD/CAD has edged higher from session lows at 0.9852 to currently trade around 0.9872 levels.
   
• The pair has taken major support by 200-DMA at 0.9841. We see weakness only on break below.
   
• Technical studies are biased lower. Major DMA point south, RSI and Stochs are biased lower.
   
• Break below 200-DMA could accentuate weakness, test of 61.8% fib at 0.9731 then likely.
   
• Support levels - 0.9841 (200-DMA), 0.9761 (Aug 19 low), 0.9731 (61.8% Fib)
   
• Resistance levels - 0.99, 0.9951 (5-DMA), 0.9957 (50% Fib)
   

Recommendation: Short break below 200-DMA at 0.9841, SL: 0.99, TP: 0.9760/ 0.9730
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FxWirePro's Hourly AUD Spot Index was at -55.5307 (Neutral), while Hourly CAD Spot Index was at 41.5667 (Neutral) at 1300 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.