AUD/CAD reached buy target 1.0200

AUD/CAD reached buy target 1.0200

2019-11-11 • Updated

  • 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).

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