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FxWirePro: GBP/AUD edges higher but bulls lack punch 
- AUD/CAD is extending downside from 2-month highs of 0.9745 hit on Friday (0.9746 is 50% Fib retrace of Dec 2015 to May 2016 fall).
- On the day, the pair was rejected at highs by 0.9628 and is currently trading around 0.9607 levels.
- The pair has slipped below 0.9647 (38.2% Fib) and trendline support at 0.9620 (resistance turned support). Downside on track to test 50-DMA at 0.9529.
- On the downside the pair now finds supports at 0.9523 (23.6% Fib) and resistance on the upside is located at 0.9620 (trendline).
- Technicals have turned bearish, Stochs have rolled over from overbought, RSI has turned lower.
Recommendation: Good to sell rallies around 0.9610/15. SL: 0.9650, TP: 0.9530/ 0.95
