FxWirePro: AUD/CAD struggles to close below 20-DMA, good to short break below

• AUD/CAD fails to hold gains above major resistance at 1.0350, edges lower from highs at 1.0398.
   
• The pair extends downside to slip below 20-DMA at 1.0205, weakness likely on close below.
   
• Major support levels - 1.0205 (20-DMA), 1.0181 (session low), 1.0125 (Oct 28 low)
   
• Major resistance levels - 1.0247 (5-DMA), 1.0264 (10-DMA), 1.0270 (Nov 11 high)
   
• We expect consolidation at current levels. Bearish invalidation above 1.0350 levels. 
  ​

Recommendation: Good to short break below 20-DMA at 1.0205, SL: 1.0250, TP: 1.0135/ 1.0125