USD/CAD Short Trade
USDCAD began the week slightly higher reaching as high as 1.2510 but failed to sustain these gains.
AUD/CAD rising inside minor (c)-wave
2019-11-11 • Updated
- AUD/CAD rising inside minor (c)-wave
- Next buy target - 0.9900
AUD/CAD continues to rise inside the minor (c)-wave of the minor ABC correction (ii) – which started earlier form the support area lying between the support levels 0.9740 and 0.9700. The active (c)-wave is expected to extend all the way up to the next buy target at the next resistance level 0.9900 (top of the previous minor impulse wave (a) of the active ABC correction (ii)). Strong support remains at the aforementioned support level 0.9740.
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