Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

FxWirePro: AUD/CAD holds above cloud base, weakness only on breaks below

AUD/CAD has broken range trade and price action has slipped into the daily cloud. Long upper wicks successively on daily candles suggests selling pressure, pair struggling to extend upside. Momentum studies are neutral, …

By FxWire Pro
1 min read
FxWirePro: AUD/CAD holds above cloud base, weakness only on breaks below
Image from the original EconoTimes article

Read the original article

  • AUD/CAD has broken range trade and price action has slipped into the daily cloud.
     
  • Long upper wicks successively on daily candles suggests selling pressure, pair struggling to extend upside.
     
  • Momentum studies are neutral, pair is holding above cloud base support, only break below will see scope for further downside.
     
  • Resistance on the upside is located at 0.9812 (5-DMA) ahead of 0.9884 (cloud top).
     
  • Downside in the pair has found support by cloud base at 0.9799, breaks below will find next support at 0.9715 (rising trendline).
     

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team