- AUD/CAD has broken below major trendline support at 0.9463 and has slipped below 21-DMA at 0.9439.
- Intraday bias for the pair is lower, pair on track to test 0.9385 levels.
- Further weakness could see test of 0.9324 (double bottom Nov 11th & May 26th).
- Our previous call (http://www.econotimes.com/FxWirePro-AUD-CAD-finds-stiff-resistance-at-09542-good-to-sell-rallies-218938) is progressing.
- Pair approaching TP2 at 0.9430. We recommend booking partial profits. Downside for the pair still intact. Hold for TP3 at 0.9385.
The material has been provided by InstaForex Company – www.instaforex.com