AUD/CAD’s Breakout Watch: Targeting 0.91431 & 0.91822
AUD/CAD has been consolidating beneath the 0.90900 resistance—also forming a “double top” region on the chart. A solid break above 0.90900 could confirm a bullish breakout, supported by rising trendline structure and Fibonacci retracements (notably around 0.9058–0.9025). If buyers sustain momentum above this breakout zone, look for a move toward Expect Level 1 at 0.91431 (1.618 Fib extension), and potentially Expect Level 2 at 0.91822 (2.0 Fib extension). Should price fail to hold the breakout, however, the broader downtrend and consolidation could resume.
