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- AUD/CAD has broken major trendline support at 0.9823, intraday bias lower.
- Techs are bearish, Stochs, RSI are biased south, MACD line is on the verge of a bearish crossover on signal line.
- Supports on the downside are seen at 0.9740 (20-DMA), 0.9716 (July 8 low) and then 0.9698 (100-DMA).
- Resistance on the upside is seen at 0.9825 (5-DMA & trendline), 0.9867 (July 18 high) and 0.9886 (July 15 high).
Recommendation: Good to sell rallies around 0.9780/90, SL: 0.9825, TP: 0.9740/ 0.97
