AUD/CAD reversed from key support level 0.9420.

AUD/CAD reversed from key support level 0.9420.

  • AUD/CAD reversed from key support level 0.9420.
  • Next buy target - 0.9650

 AUD/CAD continues to advance – following the earlier sharp upward reversal from the key support level 0.9420. The support area near the support level 0.9420 was strengthened by the lower weekly Bollinger Band. The upward reversal from this support level created the strong weekly Japanese candlesticks reversal pattern Hammer. AUD/CAD is expected to rise further toward the next buy target at the next resistance level 0.9650 (former support from July).


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GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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