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Forex

AUD/CAD Bulls Face Resistance at C$0.9935

Guavy AI Editorial Team
Instruments
CAD AUD
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The Australian Dollar (AUD) has been showing bullish momentum against the Canadian Dollar (CAD), trading above its key moving averages. The AUD/CAD pair is currently sitting at C$0.9886, up 0.54% on the day.

The technical indicators are signaling strong buying activity, but several oscillators indicate that the market may be entering overbought territory.

Average daily ranges suggest that the AUD/CAD pair is expected to trade between C$0.9837 and C$0.9935 in the next 2-3 days, with a high probability of continued upside unless immediate support fails.

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