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).

Dmitry Chernovolov

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