Technical levels of AUD/CAD
AUD/CAD broke key resistance level 0.9680
- AUD/CAD broke key resistance level 0.9680
- Next buy target - 0.9740
AUD/CAD recently broke the resistance trendline of the daily down channel from April – which accelerated the B-wave of the active ABC correction B from the start of May. The price today broke the key resistance level 0.9680 – which should accelerate the active wave B. With the accelerating daily Momentum, AUD/CAD is expected to rise further toward the next buy target at the next resistance level 0.9740.
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...