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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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AUD/USD has been trading in a rebound made from the 200 SMA at H1 chart, which is helping to strengthen the bullish bias across the board and put the pair in the scenario to reach the Fibonacci zone of -23…
Thursday was also a day where bears dominated the price action in the cryptocurrency and now it seems that the spotlights are pointing towards the Fibonacci level of 78…
CAD/CHF broke support area Next sell target 0…
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
The European Central Banks left its key interest rates…
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