Thursday, October 15, 2026

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FxWirePro: AUDCAD consolidating Wednesday’s drop, holds above 61.8% Fib of Sept-Dec rally

AUDCAD is consolidating Thursday’s drop, Spinning top formation evidenced on Thursday's trade. The is holding above the 61.8% Fib retrace level of the Sept-Dec rally, further near-term consolidation likely. Medium-term b…

By FxWire Pro
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FxWirePro: AUDCAD consolidating Wednesday’s drop, holds above 61.8% Fib of Sept-Dec rally
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  • AUDCAD is consolidating Thursday’s drop, Spinning top formation evidenced on Thursday's trade.
     
  • The is holding above the 61.8% Fib retrace level of the Sept-Dec rally, further near-term consolidation likely. 
     
  • Medium-term bias remains bearish, breaks below 61.8% Fib (0.9539) cloud see weakness reesume.
     
  • Downside finds next major support at 0.9434 (Nov 17th lows), breaks below will see next support at 0.9361 (Oct 16th lows).
     
  • Resistance on the upside aligns at 0.9652 (5-DMA), 0.9692 (200-DMA) and 0.9750 (trendline support turned resistance).
     

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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