FxWirePro: AUD/CAD medium-term outlook

• AUD/CAD has ended its consolidation phase and has likely resumed uptrend.
   
• The pair has bounced off 38.2% Fib at 0.9723, broken stiff resistance at 0.9979 and is extending upside.
   
• Our previous call (http://www.econotimes.com/FxWirePro-AUD-CAD-upside-capped-at-major-resistance-at-09978-break-above-to-see-further-upside-244784) has achieved all targets.
   
• For a medium-term outlook, trend is bullish. We see scope for test of 1.0350 levels.
   
• Weakness only below 23.6% Fib at 0.9817. Violation there could see drag till 0.9650 and then 0.9490 levels.
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Recommendation: Medium-term: Buy on dips, SL: 0.9817, TP: 1.0170/ 1.0235/ 1.0350