AUD/CAD falling inside impulse waves 3 and (C)

AUD/CAD falling inside impulse waves 3 and (C)

  • AUD/CAD falling inside impulse waves 3 and (C)
  • Next sell target - 0.9800

AUD/CAD continues to fall inside the minor impulse wave (iii) – which started earlier from the resistance zone lying at the intersection of the resistance trendline of the daily down channel from May and the parity. The latest downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Evening Star. AUD/CAD is expected to fall further in the active impulse waves 3 and (C) toward next sell target at the next support level 0.9800.

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