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4 Oct 2013
AUD/CAD continues recent rally – now approaching 0.9760 hurdle
FXstreet.com (Barcelona) - The AUD/CAD cross – a true battle of risk currencies – is showing a growing confidence in Asia-Pacific and growing nervousness with North American assets.
AUD/CAD to react to Canadian PMI data
The AUD/CAD traders will be reacting to the Canadian Purchasing Managers Index at 14:00 GMT Friday. Outside of that trading catalyst, the cross will likely be reacting to technical forces.
Technical outlook for AUD/CAD
Technicians point to upcoming Fibonacci resistance at 0.9759 as the next major hurdle for AUD/CAD. Past that, the next major resistance doesn’t come into play until 0.9942. Support comes in at 0.9597.
AUD/CAD to react to Canadian PMI data
The AUD/CAD traders will be reacting to the Canadian Purchasing Managers Index at 14:00 GMT Friday. Outside of that trading catalyst, the cross will likely be reacting to technical forces.
Technical outlook for AUD/CAD
Technicians point to upcoming Fibonacci resistance at 0.9759 as the next major hurdle for AUD/CAD. Past that, the next major resistance doesn’t come into play until 0.9942. Support comes in at 0.9597.