AUD/CAD broke support zone

AUD/CAD broke support zone

  • AUD/CAD broke support zone
  • Next sell target - 0.9700

AUD/CAD recently broke below the support zone lying between the key support level 0.9800 (which reversed the previous intermediate correction (B) in February) and 61.8% Fibonacci correction of the upward price impulse from last December. The breakout of this support zone is aligned with the active impulse wave (3). AUD/CAD is expected to fall toward the next sell target at next support level 0.9700 (low of wave 2 from the start of January).

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