AUD/CAD broke key resistance level 0.9680

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.



EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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