AUD/CAD broke key support level 0.9420

AUD/CAD broke key support level 0.9420

  • AUD/CAD broke key support level 0.9420
  • Next sell target - 0.9300

 AUD/CAD today broke the key support level 0.9420 (which stopped the previous short-term impulse wave 3 earlier this month, as can be seen below). The breakout of this support level accelerated the active minor impulse wave 5 – which belongs to the intermediate impulse sequence (3) from the start of June. AUD/CAD is expected to fall further toward the next sell target at the next support level 0.9300 (target for completion of wave (3)).

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