AUD/CAD falling inside wave (2)

AUD/CAD falling inside wave (2)

  • AUD/CAD falling inside wave (2)
  • Next sell target - 0.8780          

AUD/CAD recently reversed down sharply from the lower trendline of the recently broken daily Triangle (Acting as resistance after it was broken previously). The downward reversal from this Triangle created the daily Japanese candlesticks reversal pattern Shooting Star. AUD/CAD is expected to fall further toward the next sell target at the next support level 0.8780 (multi-month low from May and the target for completion of the active wave (2)).


Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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