- AUD/CAD finds major support by 50-DMA currently at 0.9830, pair struggles to close below.
- Momentum for the pair has turned bullish. RSI is at 50 and biased north.
- Stochs show bullish crossover from oversold territory.
- Major support below 50-DMA lies at 0.9816 (38.2% Fib), we see weakness only on break below.
- Upside finds major hurdle at 0.9905 (20-DMA), break above targets 0.9933 (23.6% Fib).
Recommendation: Good to go long on dips around 0.9850, SL: 0.98, TP: 0.99/ 0.9925