This week the price has crashed through support at 0.9750 and this caused downward movement more than 150 pips. However even support at 0.9600 didn’t stop declines. If the price doesn’t return above 0.9600 new wave of falls will occur. The main target for that possible sell off will be 0.9360, but there are two weaker supports at 0.9400 and 0.9500.
We can’t exclude that AUDCAD will come back above 0.9600. But current bulls weakness show us that already 0.9660 level will be a challenge for them.
Time-frame H1
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Time-frame D1
