AUD/CAD falling inside sharp correction

AUD/CAD falling inside sharp correction

2019-11-11 • Updated

  • AUD/CAD falling inside sharp correction
  • Next sell target - 1.0000

 AUD/CAD recently reversed down from the resistance zone lying between the key resistance level 1.0200 (which reversed the previous (b)-wave in June of 2017) and the upper weekly Bollinger Band. The downward reversal from this resistance zone created the weekly Japanese candlesticks reversal pattern Shooting Star. AUD/CAD is likely to fall further toward the next sell target at the next support level 1.0000.

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