AUDUSD
Current price 0.7922
The Australian dollar rebounded from the high of 0.8135 at the weekly resistance 200 points to close below 0.8000 psychological support as the following figure
Breaking the last bottom .8040
We expect the pair to continue its downside move towards the 50-day Fibonacci targets from the bottom of 0.7808 at 0.7975, 0.7940 and 0.7845 above the top 0.8118
The current scenario
Aussie broke $ 0.8040 and started to decline after re-testing it to achieve short-term targets to reach 61.8 Fibonacci levels of the 0.7807- 0.8135 at 0.9732 as the following figure
Expected scenario
Stability below the resistance 0.8040 targeting the Australian dollar areas 0.7760 for the resale by re-testing 0.7967 and Stob above 0.8040 targets of 0.7878 and 0.7780 is good
USDCAD
Current price 1.2430
Previous Scenario
The Canadian dollar continued to decline after breaching the 1.2360 level to 1.2247 before rebounding strongly on Friday and closing above it
In the long run, the pair fell from the 1.2920 level and reached the weekly trend as well as the chart before retreating strongly and breaking the downtrend at 1.2660 area, opening the way for further upside and targeting the areas of 1.2900-1.3000 as well as the attached chart
A break below 1.2248 means the extension of the decline targeting 1.2162 - 1.2068
