FX.co ★ AUDCAD

As of today, the AUD/CAD currency pair continues to move within an ascending channel, which indicates that buyers still maintain control. After an attempt to hold above the 0.9645 level, a pullback began. I expect that in the near future the price of the pair will move roughly in the range from 0.9645 to 0.9620. At the moment, the 0.9645 level is the nearest resistance; if the price manages to break above this level, it may become one of the first signals that a move toward 0.9675 is likely to begin, although a pullback may also occur. However, it is important to note that since the price is currently below this point, the primary scenario remains bullish.