AUD/CAD finds stiff resistance at 0.9545, good to sell rallies
AUD/CAD is extending downside from 1-month highs of 0.9545 hit on Tuesday.
Intraday bias for the pair is lower, pair finds immediate support at 0.9455 (trendline), then 0.9446 (10-DMA).
Major resistance is seen at 0.9542 (trendline), bearish invalidation only on break above.
Techs on 2H charts support downside. Break below 0.9455 could see test of 0.9385 levels.
Good to sell rallies around 0.9485/95, SL: 0.9545, TP: 0.9455/ 0.9430/ 0.9385
Intraday bias for the pair is lower, pair finds immediate support at 0.9455 (trendline), then 0.9446 (10-DMA).
Major resistance is seen at 0.9542 (trendline), bearish invalidation only on break above.
Techs on 2H charts support downside. Break below 0.9455 could see test of 0.9385 levels.
Good to sell rallies around 0.9485/95, SL: 0.9545, TP: 0.9455/ 0.9430/ 0.9385
AUD/CAD finds minor support at 0.9437 levels.
Downside for the pair still intact. Hold for TP3.