Thursday, October 15, 2026

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FxWirePro: AUD/CAD holds above 38.2% Fib, break below could see bearish resumption

AUD/CAD has been trading a 'Cup and Saucer' formation. The pair is extending consolidation after upside paused at stiff trendline resistance by 0.9970. The pair now finds support on the downside at 0.9723 (38.2% Fib of 0…

By FxWire Pro
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FxWirePro: AUD/CAD holds above 38.2% Fib, break below could see bearish resumption
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  • AUD/CAD has been trading a 'Cup and Saucer' formation. 
     
  • The pair is extending consolidation after upside paused at stiff trendline resistance by 0.9970.
     
  • The pair now finds support on the downside at 0.9723 (38.2% Fib of 0.9324 to 0.9970 rally). Break below will see bears resume hold.
     
  • On the day, the pair has seen a brief dip below 20-DMA support at 0.9748 and has edged higher to currently trade at 0.9773 levels.
     
  • Watchout for break below 0.9720 for downside upto 0.9647 and then 0.9570 levels.
     

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By FxWirePro Team