AUD/CAD chart - Trading View
Technical Analysis: Bias Bearish
AUD/CAD has shown a bounce off fresh 11-year lows hit on the day as Aussie gains across the board after RBA’s Governor Philip Lowe's speech.
At his speech, Lowe stressed that interest rates are expected to remain at current levels for some years.
He added that he expects “significant job losses” and opened the door to intervening in the FX market.
The pair was trading at 0.8300 at around 10:45 GMT, edging higher from session lows at 0.8065.
However, upside lacks traction and we see scope for resumption of weakness in the pair.
21H EMA (0.8318) is capping upside on the intraday (hourly) charts. Minor upside till 55W EMA (0.8415) likely on break above.
Price action has broken channel base support on the weekly charts and momentum strongly with the bears.
Resumption of weakness will see next major support at 0.8014 (76.4% Fib) ahead of 0.7721 (Feb 2009 low).


Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Geopolitical Shocks That Could Reshape Financial Markets in 2025
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
China's Refining Industry Faces Major Shakeup Amid Challenges
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
FxWirePro: EUR/AUD claws back some losses but rcovery likely muted
Energy Sector Outlook 2025: AI's Role and Market Dynamics
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel
Urban studies: Doing research when every city is different
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part
Aussie Consolidates After Peak: AUDJPY Bulls Eye a Strategic Entry for the 115.00 Target
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
FxWirePro: GBP/AUD takes back some lost ground
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 



