• AUD/CAD is extending sideways trade below strong trendline resistance at 1.0012 levels.
   
• We have evidenced multiple rejections at strong trendline resistance and any bullishness can be seen only on breaks above.
   
• Momentum studies have turned slightly bearish, breaks below daily cloud could see downside upto 0.9864 (Mar 18th lows).
   
• MACD indicator shows momentum fading, the MACD line is on the verge of a bearish crossover on signal line. 
   
• The pair has immediate support at 0.9935 (10-DMA) and breaks below will find next support at 0.9940 (cloud top).
   
• On the upside we see strong resistance at 1.0012 (trendline) ahead of 1.0054 (Mar 9th highs).