• AUD/CAD has been trading a 'Cup and Saucer' formation. 
   
• The pair is extending consolidation after upside paused at stiff trendline resistance by 0.9970.
   
• The pair now finds support on the downside at 0.9723 (38.2% Fib of 0.9324 to 0.9970 rally). Break below will see bears resume hold.
   
• On the day, the pair has seen a brief dip below 20-DMA support at 0.9748 and has edged higher to currently trade at 0.9773 levels.
   
• Watchout for break below 0.9720 for downside upto 0.9647 and then 0.9570 levels.