Friday, October 16, 2026

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FxWirePro: AUD/CAD rejected at highs by 0.9789, bias lower, stay short

AUD/CAD extends decline after breaking major trendline support at 0.9823, intraday bias remains lower. 20-DMA at 0.9746 is strong support on the downside, pair has held 20-DMA support on Tuesday. Technical indicators are…

By FxWire Pro
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FxWirePro: AUD/CAD rejected at highs by 0.9789, bias lower, stay short
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  • AUD/CAD extends decline after breaking major trendline support at 0.9823, intraday bias remains lower.
     
  • 20-DMA at 0.9746 is strong support on the downside, pair has held 20-DMA support on Tuesday.
     
  • Technical indicators are bearish, Stochs, RSI are biased south, MACD line is showing a bearish crossover on signal line.
     
  • Supports on the downside are seen at 0.9746 (20-DMA), 0.9716 (July 8 low) and then 0.9697 (100-DMA).
     
  • Resistance on the upside is seen at 0.9795 (5-DMA), 0.9817 (23.6% Fib of 0.9324 to 0.9970 rally) and 0.9866 (July 18 high).
     
  • Our previous call (http://www.econotimes.com/FxWirePro-AUD-CAD-breaks-major-support-at-09823-good-to-go-short-on-rallies-237579) has achieved TP1.
     
  • Recommend holding for targets.
     

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EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team