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  • The AUD/CAD pair trades near 0.9455 during the early Asian session on Thursday.
  • The quote again heads to 0.9475/80 resistance confluence including 50-day simple moving average and a downward sloping trend-line stretched since December 05.
  • However, Australian retail sales and trade balance data can drag the pair down if flashing weak signals.
  • On the downside, 0.9380 and 0.9315 likely nearly support for the pair traders to watch.
  • Should prices slide under 0.9315, 0.9270 and 0.9220 can please sellers.
  • Meanwhile, an upside clearance of 0.9480 may have to surpass 100-day SMA level of 0.9505 in order to justify its strength in targeting late-January high of 0.9580.
  • Additionally, the AUD/CAD pair’s successful trading above 0.9580 enables it to challenge 0.9630 and 0.9680 resistances.

AUD/CAD daily chart

Additional important levels:

Overview:
       Today Last Price:  0.9452
       Today Daily change: 12  pips
       Today Daily change %:  0.13%
       Today Daily Open:  0.944
Trends:
       Daily SMA20:  0.9422
       Daily SMA50:  0.9481
       Daily SMA100:  0.9512
       Daily SMA200:  0.9543
Levels:
       Previous Daily High:  0.9474
       Previous Daily Low:  0.9388
       Previous Weekly High:  0.9477
       Previous Weekly Low:  0.9315
       Previous Monthly High:  0.9557
       Previous Monthly Low:  0.9319
       Daily Fibonacci 38.2%:  0.9421
       Daily Fibonacci 61.8%:  0.9441
       Daily Pivot Point S1:  0.9394
       Daily Pivot Point S2:  0.9348
       Daily Pivot Point S3:  0.9308
       Daily Pivot Point R1:  0.948
       Daily Pivot Point R2:  0.952
       Daily Pivot Point R3:  0.9566