Thursday, October 15, 2026

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FxWirePro: AUD/CAD supported above daily cloud, weakness only on breaks below

The Canadian dollar seems to be resuming its upside momentum, supported by a better tone in crude oil price. AUD/CAD rangebound but remains supported above daily cloud (currently spanning 0.9860-0.9940). Momentum studies…

By FxWire Pro
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FxWirePro: AUD/CAD supported above daily cloud, weakness only on breaks below
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The Canadian dollar seems to be resuming its upside momentum, supported by a better tone in crude oil price.

  • AUD/CAD rangebound but remains supported above daily cloud (currently spanning 0.9860-0.9940).
     
  • Momentum studies have turned slightly bearish, breaks below daily cloud could see downside upto 0.9864 (Mar 18th lows).
     
  • Strong trendline resistance lies at 1.0014 and any bullishness can be seen only on breaks above.
     
  • The pair has immediate support at 0.9933 (10-DMA) and breaks below will find next support at 0.9940 (cloud top).
     

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By FxWirePro Team