AUD/CAD may fall 33 - 44 pips

Our pivot point stands at 0.9078.

Our preference

The downside prevails as long as 0.9078 is resistance.

Alternative scenario

Above 0.9078, look for 0.9097 and 0.9108.

Comment

The RSI is below its neutrality area at 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 0.9066 and 0.9070).

Supports and resistances

0.9108 **

0.9097 *

0.9078 **

0.9071

0.9063 last

0.9030

0.9019 **

0.9008 *

0.8997 **

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