The main intraday target is the next resistance at 1.3189 - 1.3216. If a pullback from these levels happens next...
AUD/CAD broke support zone
- AUD/CAD broke support zone
- Next sell target - 0.9980
AUD/CAD continues to fall in the sharp c-wave, which belongs to the minor ABC correction 2 from the middle of March. The active wave c earlier broke through the support zone lying between the support level 1.0160 (which stopped previous wave (a)), support trendline of the daily up channel from January and the 38.2% Fibonacci correction of the upward impulse 1.
AUD/CAD is expected to fall to the next sell target at the support level 0.9980 (low of the previous (ii)-wave from February and the target price for the completion of the active wave 2).
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.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…