FxWirePro: AUD/CAD upside capped by major resistance at 1.0062, bias higher

• AUD/CAD upside capped at major trendline resistance at 1.0062.
   
• The pair has edged lower to currently trade at 1.0027, bias remains higher.
   
• Our previous call (http://www.econotimes.com/FxWirePro-AUD-CAD-upside-capped-at-major-resistance-at-09978-break-above-to-see-further-upside-244784) has achieved TP1 &2.
   
• Break above 1.0062 to see further upside, test of 1.0086 and then 1.0100 levels likely.
   
• Supports on the downside are seen at 0.9988 (78.6% Fib), 0.9973 (5-DMA) and 0.9929 (10-DMA).
   
• Resistance on the upside are seen at 1.0073 (88.6% Fib), 1.0086 (Jan 19 high) and 1.0109 (Dec 22 high).
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Recommendation: Book partial profits, raise trailing stop to 0.9980, TP: 1.0086/ 1.0100