AUD/CAD Australian dollar attempts to hold at 0.98049

Denis Joeli Fatiaki Independent Analyst

The Australian dollar managed to break above its 500 EMA and 0.98049 resistance in yesterday's session but pulled back after failing at 0.983433. The Aussie dollar is now back at the critical price point at 0.98049 and its 500 EMA and looking for support to hopefully bounce and head back up again. Failure to hold above 0.98049 could see the pair fall to 0.97795.

Author

Denis Joeli Fatiaki

Independent Analyst

Denis Joeli Fatiaki possesses over a decade of extensive experience as a multi-asset trader and Market Strategist.

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