AUD/CAD broke above parity

AUD/CAD broke above parity

  • AUD/CAD broke above parity
  • Next buy target - 1.0200

AUD/CAD continues to rise inside the sharp upward impulse wave 3 which previously broke above the parity. The active minor impulse wave 3 belongs to the intermediate impulse wave (C) from the start of February. AUD/CAD is expected to rise toward the next buy target at next resistance level 1.0200 (which stopped the earlier sharp upward correction 2 at the start of June).


GBP/USD: bullish "Flag"

The pair is going to continue moving up in the direction of another resistance at 1.4144 - 1.4277...



Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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