AUD/CAD reached sell target 0.9980

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).

cad aud

Dmitry Chernovolov

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