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- AUD/CAD retreats from four-week highs of 1.0157, after Aussie tanked across the board on dismal jobs data.
- The pair finds strong support at 1.0047 (20-DMA), weakness only on break below.
- Our previous call (http://www.econotimes.com/FxWirePro-FxWirePro-AUD-CAD-breaks-above-20-day-MA-intraday-bias-higher-355235) has achieved all targets.
- Major support levels - 1.0055 (5-DMA), 1.0047 (20-DMA), 1.0022 (Oct 5th lows)
- Major resistance levels - 1.0120 (Aug 11 high), 1.0157 (double top Oct 19, Sept 27), 1.0169 (Dec 31, 2015 high)
Recommendation: Book full profits at highs. Break above 1.0157 will confirm further bullishness.
