The cross fell below the neckline in the weekly chart, extending lows. Ahead of the Canada employment data the cross is approaching weekly parallel support finds at 0.9170.

The cross has been falling for four consecutive weeks. We have been advising for 0.9200 and 0.9100 (Article published on September 01). As of now the cross made low at 0.9197.

Intraday support finds at 0.9190, 0.9170 and 0.9140. Another round of panic likely to be triggered below 0.9140 towards 0.9100, 0.9075 and 0.9030 levels.

In case if today the cross close below 0.9160 in the next week we can see 0.9030.

Until the cross holds the 0.9160 traders can use pipsing, bulls can aim at 0.9260 and 0.9300

AUDCADpMonthly

AUDCADpWeekly