AUD/CAD holds minor support at 0.9960, short break below

FX:AUDCAD   Australian Dollar/Canadian Dollar
83 0
AUD/CAD has broken 200-DMA on Tuesday's trade and is currently holding minor trendline support at 0.9960.

Break below will see further drag. Technicals support downside, momentum studies are bearish .

Bank of Canada Governor Stephen Poloz said this week that the central bank could raise interest rates sooner than previously thought.

The strength in the Canadian dollar is pretty much in line with the narrowing of the US-Canada 10-year yield spread.

Support levels - 0.9960 ( trendline ), 0.9912 (61.8% Fib of 0.9644 to 1.0345 rise), 0.9875 ( trendline )

Resistance levels - 0.9995 (50% Fib), 1.0036 ( 200-DMA ), 1.0066 (5-DMA)

Good to go short on break below 0.9960, SL: 1.00, TP: 0.9915/ 0.9875
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out