AUD/CAD chart - Trading View
AUD/CAD is struggling to extend previous session's gains, slips lower from session highs at 0.9358.
The pair was trading 0.23% lower on the day at 0.9331 at around 09:50 GMT.
Aussie remains under pressure in the wake of Tuesday’s dovish Reserve Bank of Australia (RBA) minutes.
The RBA is now widely expected to cut rates by 15 bps at its Nov meeting. Risk-off also weighs on the antipodeans.
AUD/CAD finds immediate support at 5-DMA at 0.9317. Technical analysis supports further weakness.
Scope for dip till 38.2% Fib at 0.9073. Retrace above 110-EMA will negate bearish bias.
