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

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

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

AUD/CAD has been falling in the last few trading sessions inside the minor impulse wave (iii) – which belongs to the impulse 3 from the start of August. Impulse 3 started when the pair reversed down from the resistance zone lying between the resistance level 1.0050 (which has reversed the price numerous times from July), upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from May. AUD/CAD is expected to fall to next sell target at the next support level 0.9800.

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