AUD/CAD reversed from support area

AUD/CAD reversed from support area

  • AUD/CAD reversed from support area
  • Next buy target - 0.9750

AUD/CAD recently reversed up sharply from the support area lying at the intersection of the support level 0.9600 (which stopped the previous sharp downtrend in January, as can be seen below) and the lower daily Bollinger Band. The upward reversal from this support area completed the previous extended intermediate ABC correction (2) from the middle of April. AUD/CAD is expected to rise toward the next buy target at the next resistance level 0.9750.



Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

promotions you can be interested in

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera