EUR/USD: 'High Wave' points to decline
The market is likely going to test the 34 Moving Average. If a pullback from this line happens next, bulls will probably try to reach...
AUD/CAD reached buy target 1.0000
- AUD/CAD reached buy target 1.0000
- Next sell target - 0.9890
AUD/CAD recently sharply reversed down from the resistance area lying between the parity (previous buy target), upper daily Bollinger Band and the 50% Fibonacci correction of the previous sharp downward impulse from last May. AUD/CAD is expected to fall further toward the next sell target at the next support level 0.9890 (former resistance level from September and November).
Dmitry Chernovolov
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