AUD/CAD falling inside minor impulse wave 5

AUD/CAD falling inside minor impulse wave 5

  • AUD/CAD falling inside minor impulse wave 5
  • Next sell target - 0.9420

AUD/CAD continues to fall inside the minor impulse wave 5, which started recently after the downward reversal from the resistance zone lying between the pivotal resistance level 0.9600 (former strong support from May) and 38.2% Fibonacci correction of the previous sharp downward impulse 3 from June. AUD/CAD is expected to fall further toward the next sell target at the next support level 0.9420 (low of the previous impulse wave 3).

 

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