What will happen to the one of the main indices - S&P500
AUD/CAD looking to consolidate above 0.9900
AUD/CAD saw a volatile action during Wednesday’s session, following the BoC’s interest rate decision to keep rates unchanged and as a result, the pair did a strong rebound above the Fibonacci retracement level of 65% at 0.9758. If the move continues to be alive in the short-term, the pair could be on its way to reach the -23.6% Fibo level at 0.9919.
RSI indicator remains in the positive territory.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…