AUD/CAD may rise 28 - 40 pips

0.9075 is our pivot point.

Our preference

Rebound towards 0.9141.

Alternative scenario

The downside breakout of 0.9075 would call for 0.9054 and 0.9042.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.9102 and 0.9108).

Supports and resistances

0.9166 **

0.9153 *

0.9141 **

0.9129

0.9101 last

0.9083

0.9075 **

0.9054 *

0.9042 **

Number of asterisks represents the strength of support and resistance levels.