GBP/NZD reversed from resistance zone Next sell target - 1…
AUD/CAD reached buy target 1.0200
- AUD/CAD reached buy target 1.0200
- Next buy target - 1.0390
AUD/CAD continues to rise after the recent breakout of the resistance level 1.0200, which was set as the buy target in our previous forecast for this currency pair. The breakout of the support level 1.0200 accelerated the active minor impulse waves (iii) and 3- both of which belong to the sharp intermediate impulse wave (C) from the start of January.
AUD/CAD is expected to rise to the next buy target at the resistance level 1.0390 (target price for the completion of the active impulse wave 3, which also stopped the previous intermediate (A)-wave at the start of November).
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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