AUD/CAD may fall 50 - 69 pips

Our pivot point stands at 0.9236.

Our preference

The downside prevails as long as 0.9236 is resistance.

Alternative scenario

Above 0.9236, look for 0.9269 and 0.9288.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.9225 and 0.9233).

Supports and resistances

0.9288 **

0.9269 *

0.9236 **

0.9224

0.9210 last

0.9160

0.9141 **

0.9121 *

0.9102 **

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