Thursday, October 15, 2026

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FxWirePro: AUD/CAD upside halts at major resistance at 0.9970, further upside only on breakout above

AUD/CAD bounce from 200-DMA halts at major resistance at 0.9970, further gains likely only on breakout above. Our previous call (http://www.econotimes.com/FxWirePro-AUD-CAD-struggles-at-236-Fib-good-to-go-long-on-break-a…

By FxWire Pro
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FxWirePro: AUD/CAD upside halts at major resistance at 0.9970, further upside only on breakout above
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  • AUD/CAD bounce from 200-DMA halts at major resistance at 0.9970, further gains likely only on breakout above.
     
  • Our previous call (http://www.econotimes.com/FxWirePro-AUD-CAD-struggles-at-236-Fib-good-to-go-long-on-break-above-239925) has achieved all targets.
     
  • RSI is biased lower for the day, but momentum is strong with RSI at 61 and MACD well above the zero mark.
     
  • Breakout above 0.9970 will see gains upto 1.0026 (Apr 1 high) and then 1.0054 (Mar 9 high).
     
  • Weakness only below 23.6% Fib at 0.9817, break below will drag the pair lower to 38.2% Fib at 0.9723.
     

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By FxWirePro Team