USD/CAD Short Trade
USDCAD began the week slightly higher reaching as high as 1.2510 but failed to sustain these gains.
AUD/CAD broke key resistance level 0.9680
2019-11-11 • Updated
- 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.
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