Thursday, October 15, 2026

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FxWirePro: AUD/CAD sees strong trendline resistance at 1.0030, bullishness only on breaks above

AUD/CAD was rejected by strong trendline resistance at 1.0035 on Monday and is extending downside to currently trade at 0.9973. The pair has strong support at 0.9955 (5-DMA) and breaks below will find next support at 0.9…

By FxWire Pro
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FxWirePro: AUD/CAD sees strong trendline resistance at 1.0030, bullishness only on breaks above
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  • AUD/CAD was rejected by strong trendline resistance at 1.0035 on Monday and is extending downside to currently trade at 0.9973.
     
  • The pair has strong support at 0.9955 (5-DMA) and breaks below will find next support at 0.9920 (cloud top and 10-DMA).
     
  • On the upside we see strong resistance at 1.0030 (trendline) ahead of 1.0054 (Mar 9th highs).
     
  • Oil is extending downside for a second consecutive day, drop in oil is likely to weigh on CAD and keep AUD/CAD supported.
    ​

Recommendation: Go long on breaks above 1.0035, SL: 0.9960, TP: 1.0085/1.0110/1.0170.
 

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By FxWirePro Team