Technical levels of AUD/CAD
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.
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...