AUD/CAD looking to consolidate above 0.9900

AUD/CAD looking to consolidate above 0.9900

AUD/CAD saw a volatile action during Wednesday’s session, following the BoC’s interest rate decision to keep rates unchanged and as a result, the pair did a strong rebound above the Fibonacci retracement level of 65% at 0.9758. If the move continues to be alive in the short-term, the pair could be on its way to reach the -23.6% Fibo level at 0.9919.

RSI indicator remains in the positive territory.

AUDCADmH1.png

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