Thursday, October 15, 2026

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FxWirePro: AUD/CAD holds 200-day MA support at 0.9781, weakness only on break below

AUD/CAD trades a narrow range on the day, with a high of 0.9820 and a low of 0.9785. Oil-price weakness, after bearish US rigs count report last week likely to keep CAD depressed. The pair is holding above major support …

By FxWirePro Team
1 min read
FxWirePro: AUD/CAD holds 200-day MA support at 0.9781, weakness only on break below
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  • AUD/CAD trades a narrow range on the day, with a high of 0.9820 and a low of 0.9785.
     
  • Oil-price weakness, after bearish US rigs count report last week likely to keep CAD depressed. 
     
  • The pair is holding above major support by 200-DMA at 0.9781, violation there could see test of 0.9722 (50% Fib).
     
  • We have evidenced a hammer formation at lows near 0.9761 on Friday's trade, scope for some upside.
     
  • 38.2% Fib at 0.9816 is immediate hurdle, break above could see test of 20-DMA at 0.9920.
     
  • Stochs are at oversold territory, but other indicators are inconclusive.
     
  • We recommend waiting for Stochs rollover from oversold levels, with a price breakout above 38.2% Fib at 0.9816 to go long.
     
  • On the flipside, short close below 200-DMA at 0.9781, target 0.9722
     

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By FxWirePro Team