• Major resistance- 0.9860 (trend line 1.00947 and 0.99194)
   
• AUD/CAD formed a bottom around 0.97594 and jumped sharply from the level .It is currently trading around 0.98225.
   
• The pair upside capped by trend line resistance 0.9860 and any further bullishness can be seen only above that level.
   
• On the higher side , any break above will take the pair to next level till 0.9920 (Dec 8th 2016 high)/0.9950.
   
• The pair next immediate support stands at 0.9817 (10- 4H MA) and any break below will drag the pair down till 0.9759/0.9700.
  
  It is good to sell on rallies around 0.9820-25 with SL around 0.9865 for the TP of 0.9758/0.9700.