• AUD/CAD trades a narrow range on the day, Doji formation seen on daily charts.
   
• The pair is trading a 'Cup and Saucer' formation and price action is extending consolidation after cup formation.
   
• Upside halts at stiff trendline resistance by 0.9970, break above needed to resume upside.
   
• The pair now finds support on the downside at 0.9817 (23.6% Fib of 0.9324 to 0.9970 rally). Break below will see next support at 0.9723 (38.2% Fib).
   
• Momentum studies are bullish, RSI and MACD are biased higher.
   
• We expect consolidation at current levels, before next leg higher. Weakness only below 0.9720 levels.