- AUD/CAD trades 0.22% lower on he day at 0.9702 at the time of writing.
- The pair has broken support at 50-DMA and is on track for further downside.
- Price action is hovering around daily cloud base at 0.9695 which is strong support.
- Technical analysis for the pair supports further weakness. Stochs and RSI are sharply lower.
- Price action is below major EMAs and Bollinger Bands are widening and we see -ve DMI dominance.
- Break below daily cloud to see drag till 0.9554 (May 10 lows). We see bearish invalidation only above 50-DMA.
Support levels - 0.9626 (61.8% Fib retrace of 0.91502 to 1.03975 rally), 0.9606 (May 2 low), 0.9579 (2017 low)
Resistance levels - 0.9748 (50-DMA), 0.9757 (5-DMA), 0.9790 (21-EMA)
Recommendation: Good to go short on break below cloud base, SL: 0.9750, TP: 0.9626/ 0.96/ 0.9580
FxWirePro Currency Strength Index: FxWirePro's Hourly AUD Spot Index was at -83.3162 (Bearish), while Hourly CAD Spot Index was at 89.43 (Bullish) at 1045 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


Currency Scores of Major Pairs: GBPUSD, AUDUSD & NZDUSD Top Charts at 85 — Bullish Pairs to Watch
FxWirePro- Woodies pivot (Major)
AUDJPY Bounces 150 Pips on Short Covering — Sell Rallies at 111.40 Targeting 108 as Higher EMAs Stay Bearish
Forex Scorecard: EUR/USD, GBP/USD, and NZD/USD Stand Out as Prime Bullish Opportunities
FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand
FxWirePro: GBP/USD edges higher as markets track U.S.-Iran talks and oil moves
FxWirePro- Major Pair levels and bias summary
Gold Retreats as Geopolitical Fears Ease: Bears Target $4,000 Support
FxWirePro: GBP/USD slips as dollar rebounds from six-week low
NZDJPY Bears Stay in Control After Sell-Off — Sell Rallies at 93 Targeting 90 as All EMAs Align Bearish
EUR/JPY Under Pressure: Broad Yen Buying Keeps Bears in Control Below 183.00
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red
FxWirePro:EUR/NZD downtrend Intact, eyes 1.9500 level
FxWirePro: USD/CNY edges higher, outlook bearish
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600
FxWirePro: NZD/USD turns lower as USD regains footing
FxWirePro: USD/ZAR faces downside pressure with 38.2%fib support in focus 



