Thursday, October 15, 2026

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FxWirePro: AUD/CAD struggles at 20-DMA, break above needed for further gains

AUD/CAD has been recovering from 6-month lows of 0.9594 on 2nd Jan, but upside remains capped by 20-DMA currently at 0.9723. The pair has been recovering from 6-month lows of 0.9594 on 2nd Jan. Only decisive break above …

By FxWirePro Team
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FxWirePro: AUD/CAD struggles at 20-DMA, break above needed for further gains
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  • AUD/CAD has been recovering from 6-month lows of 0.9594 on 2nd Jan, but upside remains capped by 20-DMA currently at 0.9723.
     
  • The pair has been recovering from 6-month lows of 0.9594 on 2nd Jan. 
     
  • Only decisive break above 20-DMA to see extension of upside, we then see scope for test of 50% Fib at 0.9860.
     
  • Technical studies do not provide clear indication. RSI and Stochs are at neutral territory, bias higher.
     
  • Support levels - 0.9645 (Jan 6 low), 0.9617 (Lower Bollinger band), 0.9580 (Trendline)
     
  • Resistance levels - 0.9723 (20-DMA), 0.9731 (61.8% Fib), 0.9795 (Dec 28 high), 0.9822 (200-DMA)
     
  • FxWirePro Currency Strength Index: FxWirePro's Hourly AUD Spot Index was at 95.2265(Bullish), while Hourly CAD Spot Index was at 87.5474 (Bullish) at 0630 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex. 
     

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Major Pair Currency Score: AUDUSD Bearish

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