FXstreet.com (Barcelona) - AUD/CAD is unchanged for the Asia-Pacific session so far at 1.0430. The cross first visited session highs at 1.0448, slightly below yesterday's and weekly highs at 1.0453, for then falling to session lows at 1.0422, and moving back to current levels. AUD/CAD is higher from previous Asia-Pacific open yesterday by +0.32%, and by +0.61% for the week.
Mentioned yesterday's highs, highest for last 3 months, is key Fibo level of 0.618 retrace from yearly leg down from Feb highs to May lows 1.0785/0.9952, being at the same time initial 2012 price, so it is currently flat for the year as well, and since May 2011 too. BoC leaving rates yesterday at 1% sent the cross to Tueday's lows at 1.0406, soon recovering to near day highs.
Immediate support to the downside for AUD/CAD shows at recent session lows 1.0422, followed by yesterday's lows/Monday's highs at 1.0406/00, and Monday's lows at 1.0359. For the upside, closest resistance comes at recent session/yesterday's highs at 1.0449/54, followed by July 01 highs at 1.0460, and July 12 highs at 1.0473.
Mentioned yesterday's highs, highest for last 3 months, is key Fibo level of 0.618 retrace from yearly leg down from Feb highs to May lows 1.0785/0.9952, being at the same time initial 2012 price, so it is currently flat for the year as well, and since May 2011 too. BoC leaving rates yesterday at 1% sent the cross to Tueday's lows at 1.0406, soon recovering to near day highs.
Immediate support to the downside for AUD/CAD shows at recent session lows 1.0422, followed by yesterday's lows/Monday's highs at 1.0406/00, and Monday's lows at 1.0359. For the upside, closest resistance comes at recent session/yesterday's highs at 1.0449/54, followed by July 01 highs at 1.0460, and July 12 highs at 1.0473.
