FxWirePro: AUD/CAD upside halts at stiff resistance by 0.9970, bias higher

• AUD/CAD upside halts at stiff trendline resistance by 0.9970, break above needed to resume upside.
   
• The pair has broken above 78.6% Fib of 1.0054 to 0.9324 fall, as it extends upside along the 'Cup' formation.
   
• Aussie under pressure from weak Australia consumer confidence and Chinese trade data.
   
• Techs are highly bullish, Stochs and RSI at overbought levels, so some caution advised.
   
• Our previous call (http://www.econotimes.com/FxWirePro-Watch-for-AUD-CAD-breakout-above-618-Fib-09775-for-test-of-099-levels-232713) has achieved TP1&2.
   

Recommend raising trailing stops to 0.9897, hold for 1.00/ 1.0026.