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AUDCAD Reverses Higher From 0.9761 Support, Eyes 0.9945 Target

AUDCAD has reversed higher from the 0.9761 support zone, confirming the end of a minor correction and reinforcing the existing daily uptrend. The level aligned with prior February-March resistance and the lower daily Bollinger Band. Technical analysis expects continuation toward the next resistance at 0.9945, which capped earlier waves. The bullish wave structure remains intact with focus on chart positioning rather than macro developments.

Category

AUD/CAD

Sentiment

Bullish

Event

Technical analysis

Reading time

1 min