AUD/CAD cracks down to 0.9777 monthly bottoms

FXstreet.com (Chicago) - AUD/CAD continues approaching immediate support as market participants seem bearish on the pair after the release of Australian data later today.

AUD/CAD Technical Levels

Technically speaking, the pair is offered at 0.9781 and oscillates between the supports aligned at 0.9763 (October 7th lows), 0.9726 (September 30th highs) ahead of 0.9689 (October 4th highs) and the resistances set at 0.9829 (November 3rd lows), 0.9865 (November 7th lows) followed by 0.99 (November 8th highs). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis navigating below the EMA20.