AUDUSD bounces off support keeps the buyers in firm control

Fri, 08 May 2026 17:24:14 +0000

The AUDUSD fell sharply yesterday, breaking back below a key ceiling/floor zone between 0.7221 and 0.7227. That bearish break helped push the pair down toward the next swing area support between 0.7193 and 0.7200.

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USDCAD runs up to key resistance target and finds willing sellers

Fri, 08 May 2026 16:18:55 +0000

Soon after the better-than-expected US jobs report in the worse than expected Canadian jobs report, I posted the following brief commentary and chart:

The key resistance zone overhead was defined by the 38.2% retracement level, the swing area between 1.37089 and 1.37149, and the 100-day moving average near 1.3720. The price pushed higher into that resistance cluster, reaching a session high of 1.3710 before rotating back to the downside.

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Technical Analysis on Cowlpane

AUDUSD bounces off support keeps the buyers in firm control

USDCAD runs up to key resistance target and finds willing sellers