USD/CAD Short Trade
USDCAD began the week slightly higher reaching as high as 1.2510 but failed to sustain these gains.
AUD/CAD reached sell target 0.9980
2021-11-11 • Updated
- AUD/CAD reached sell target 0.9980
- Next sell target - 0.9860
AUD/CAD today broke through the support zone lying between the key support level 0.9980 (previous sell target) and the 50% Fibonacci correction of the earlier sharp upward impulse wave 1 from the end of January. The breakout of this support zone should accelerate the c-wave of the active minor ABC correction 2 from the middle of March.
AUD/CAD is expected to fall further toward the next sell target at the strong support level 0.9860 (low of the previous intermediate correction (2) from January).
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