Thursday, October 15, 2026

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FxWirePro: AUD/CAD holds major trendline support at 0.9790, weakness only on break below

AUD/CAD edges higher after taking major trendline support at 0.7390. RBA earlier today kept policy unchanged and the statement that followed had no implicit dovish bias. Demand for CAD remains well underpinned by the con…

By FxWirePro Team
1 min read
FxWirePro: AUD/CAD holds major trendline support at 0.9790, weakness only on break below
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  • AUD/CAD edges higher after taking major trendline support at 0.7390.
     
  • RBA earlier today kept policy unchanged and the statement that followed had no implicit dovish bias.
     
  • Demand for CAD remains well underpinned by the continuation of the rally in crude oil prices.
     
  • Upside in the pair capped below 20-DMA at 0.9865. Break above could see gains upto 0.9932 (23.6% Fib).
     
  • On the downside break below 0.9790 (major trendline support) could see downside upto 0.9722 (50% Fib).
     
  • Major support levels - 0.9816 (38.2% Fib), 0.98, 0.9790 (trendline), 0.9761 (Aug 19 low).
     
  • Major resistance levels - 0.9865 (20-DMA), 0.99, 0.9933 (23.6% Fib).
     

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By FxWirePro Team