• AUD/CAD extends decline after breaking major trendline support at 0.9823, intraday bias remains lower.
   
• 20-DMA at 0.9746 is strong support on the downside, pair has held 20-DMA support on Tuesday.
   
• Technical indicators are bearish, Stochs, RSI are biased south, MACD line is showing a bearish crossover on signal line.
   
• Supports on the downside are seen at 0.9746 (20-DMA), 0.9716 (July 8 low) and then 0.9697 (100-DMA).
   
• Resistance on the upside is seen at 0.9795 (5-DMA), 0.9817 (23.6% Fib of 0.9324 to 0.9970 rally) and 0.9866 (July 18 high).
   
• Our previous call (http://www.econotimes.com/FxWirePro-AUD-CAD-breaks-major-support-at-09823-good-to-go-short-on-rallies-237579) has achieved TP1.
   
• Recommend holding for targets.