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FxWirePro: AUD/CAD struggles at 0.9978 resistance, break above targets 1.0026

  • AUD/CAD struggling to extend gains beyond stiff resistance around 0.9978 levels.
     
  • Techs on weekly charts are biased higher, we see scope for upside.
     
  • Break above 0.9978 levels will see test of 1.0026 and then 1.0054 levels.
     
  • We see major support at 0.9860 levels, weakness only on break below.
     
  • Violation at 0.9860 will see drag upto 0.7923 (38.2% Fib).

Recommendation: Good to long on decisive break above 0.9978, SL: 0.99, TP: 1.0026/ 1.0054/ 1.0086
 

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