Technical levels of AUD/CAD
AUD/CAD rising inside intermediate impulse wave (3)
- AUD/CAD rising inside intermediate impulse wave (3)
- Next buy target 0.9950
AUD/CAD continues to rise inside the intermediate impulse wave (3), which previously broke the key resistance level 0.9850 (which reversed the price with the daily Japanese candlestick reversal pattern Evening Star earlier in May, as can be seen below). The breakout of this resistance level accelerated the active impulse wave (3). AUD/CAD is expected to rise further toward the next buy target at the next resistance level 0.9950 (former resistance from the end of March).
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...