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15 Aug 2013
AUD/CAD pushing against 0.9470 resistance
FXstreet.com (Barcelona) - The AUD/CAD foreign exchange cross rate is last quoted at 0.9455 bids, off recent session and 2-day highs at 0.9465, same highs of past Thursday, mostly on recent Aussie strength.
AUD/CAD well bid on Aussie strength
Following recent commentary on possible PBoC RRR cut soon, Aussie has seen a growing buying interest, currently printing fresh session highs, also helped on not so bad MI inflation expectations data for Australia, posted at 2.3%. The cross is about flat for the week so far.
AUD/CAD key technical levels
Immediate support to the downside for AUD/CAD lies at recent session lows 0.9425, followed by Tuesday's weekly lows at 0.9384, and July 12 lows at 0.9347. To the upside, closest resistance shows at mentioned 2-day session highs 0.9465, followed by Monday's/Friday's fresh 2-week highs at 0.9483/88, and July 18-21 lows at 0.9502.
AUD/CAD well bid on Aussie strength
Following recent commentary on possible PBoC RRR cut soon, Aussie has seen a growing buying interest, currently printing fresh session highs, also helped on not so bad MI inflation expectations data for Australia, posted at 2.3%. The cross is about flat for the week so far.
AUD/CAD key technical levels
Immediate support to the downside for AUD/CAD lies at recent session lows 0.9425, followed by Tuesday's weekly lows at 0.9384, and July 12 lows at 0.9347. To the upside, closest resistance shows at mentioned 2-day session highs 0.9465, followed by Monday's/Friday's fresh 2-week highs at 0.9483/88, and July 18-21 lows at 0.9502.