• AUD/CAD is extending downside from 2-month highs of 0.9745 hit on Friday.
   
• On the day, the pair was rejected at highs by 0.9699 and is currently trading around 0.9670 levels.
   
• The pair finds stiff resistance by 100-DMA at 0.97, only breaks above can see further upside, test of 0.9846 then likely.
   
• On the downside the pair finds strong supports at 0.9647 (38.2% Fib) and then 0.9615 (trendline). Break below 0.9615 could drag the pair lower to 95.23 (23.6% Fib).
   
• Technicals are inconclusive, Stochs are at overbought, but do not show a rollover as yet. RSI has turned lower but is still at 61 levels with scope to run.
   
• We prefer to remain on the sidelines for now.