Thursday, October 15, 2026

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FxWirePro: AUD/CAD upside capped by trend line resistance, good to sell on rallies

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 …

By FxWirePro Team
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FxWirePro: AUD/CAD upside capped by trend line resistance, good to sell on rallies
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  • 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.   

 

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team