AUD/CAD reversed from support zone

AUD/CAD reversed from support zone

  • AUD/CAD reversed from support zone
  • Next buy target - 1.0330

AUD/CAD continues to rise inside the minor impulse wave (v) – which started earlier – when the pair reversed up from the support zone lying between the key support level 1.0160, support trendline of the daily up channel from January and the 50% Fibonacci correction of the upward impulse from February.  The active impulse wave (v) belongs to wave 3 from January.

AUD/CAD is expected to rise to the next buy target at the resistance level 1.0330 (which reversed the previous minor impulse wave (iii) earlier this month).

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GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

gbp

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