AUD/CAD has shown multiple rejections at falling trendline resistance in the previous week.
- The pair has been trading a falling wedge and price action has been contained within the daily cloud.
- Strong resistance for the pair lies at 0.9910 (wedge top), only breaks above could see further bullishness.
- Immediate support on the downside is seen at 0.9811 (Feb 3rd lows) and then 0.9809 (Feb 12th lows).
Recommendation: Good to short rallies around 0.9860, SL: 0.9920, TP: 0.98/0.9780/0.9710
