It's likely that the pair is going to test the next support at 1.2994 - 1.2977. A pullback from this area could be a departure point for...
AUD/CAD reversed from resistance area
- AUD/CAD reversed from resistance area
- Next sell target - 0.9770.
AUD/CAD continues to fall after the earlier downward reversal from the resistance area lying between the key resistance level 0.9900 (previous buy target), upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from August. The downward reversal from this resistance area started the active impulse wave (iii). AUD/CAD is expected to fall to the next sell target at the next support level 0.9770.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…