FxWirePro: AUD/CAD holds above 50-DMA at 0.9753, weakness only on break below

• AUD/CAD struggles at 200-DMA, slips lower from brief break above with a gravestone doji formation.
   
• The pair is extending choppy trade for the 2nd session, but finds support at 50-DMA at 0.9753.
   
• Breakout at 200-DMA could propel the pair higher. While break below 50-DMA will see some weakness.
   
• Next bull target above 200-DMA lies at 100-DMA at 0.9878 ahead of 50% Fib at 0.9898.
   
• On the flipside, break below 50-DMA at 0.9753 could see drag till 21-EMA at 0.9720. 
   
• Technical indicators are bullish. Focus on BOC monetary policy decision due later today for further direction.  

Support levels - 0.9780 (5-DMA), 0.9753 (50-DMA), 0.9720 (21-EMA)

Resistance levels - 0.98, 0.9821 (200-DMA), 0.9858 (100-DMA), 0.9898 (50% Fib)

FxWirePro Currency Strength Index: FxWirePro's Hourly AUD Spot Index was at 99.0445 (Bullish), while Hourly CAD Spot Index was at -74.9057 (Neutral) at 1130 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex. 

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