AUD/CAD reversed from resistance zone

AUD/CAD reversed from resistance zone

  • AUD/CAD reversed from resistance zone
  • Next sell target - 0.9770

AUD/CAD recently reversed down from the resistance zone lying between the strong resistance level 0.9900 (top of the previous minor impulse wave 1 from September), upper daily Bollinger Band and the 50% Fibonacci correction of the previous downward impulse from the start of August. AUD/CAD is expected to fall further to the next sell target at the next major support level 0.9770 (which created the daily Bullish Engulfing and the daily Hammer in September).

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