AUD/CAD edged higher today as rise from 0.9247 is trying to continue towards 0.9696 high. Prior support from 55 day EMA was a clear sign of near term bullishness. We’re seeing corrective pull back from 0.9696 as completed at 0.9247. Decisive break there will resume whole rise from March’s low of 0.8066. Next near term target will be 61.8% projection of 0.8066 to 0.9696 from 0.9247 at 0.8870. Though, break of 0.9603 will delay the bullish case and bring some more consolidations first.
