AUD/CAD may fall to 0.8702 - 0.8788

Our pivot point stands at 0.9139.

Our preference

The downside prevails as long as 0.9139 is resistance.

Alternative scenario

Above 0.9139, look for 0.9286 and 0.9374.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.9129 and 0.9105).

Supports and resistances

0.9374 **

0.9286 *

0.9139 **

0.9082

0.8984 last

0.8788

0.8702 **

0.8615 *

0.8528 **

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