Thursday, October 15, 2026

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FxWirePro: AUD/CAD medium-term technical outlook

'Bullish Bat' pattern evidenced on AUD/CAD weeklies. Potential Reversal Zone (Buy Area): 0.9325-0.9270. Bullish invalidation below 0.9140, drag till 0.90 then likely. Upside has scope for test of 0.96 (38.2% Fib of 1.005…

By FxWire Pro
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FxWirePro: AUD/CAD medium-term technical outlook
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  • 'Bullish Bat' pattern evidenced on AUD/CAD weeklies.
     
  • Potential Reversal Zone (Buy Area):  0.9325-0.9270.
     
  • Bullish invalidation below 0.9140, drag till 0.90 then likely.
     
  • Upside has scope for test of 0.96 (38.2% Fib of 1.00538 to 0.93243 fall).
     
  • Resistance Levels: R1: 0.95, R2: 0.9540 (61.8% Fib retrace of 0.9150 to 1.0169 rise), R3: 0.96 (38.2% Fib of 1.00538 to 0.93243 fall).
     
  • Support Levels: S1: 0.9245 (Oct 2015 lows), S2: 0.9150 (Aug 2015 lows), S3: 0.90 (Mar 2009 lows).
     

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By FxWirePro Team