Technical levels of AUD/CAD
AUD/NZD broke daily up channel
- AUD/NZD broke daily up channel
- Next sell target 1.0650
AUD/NZD continues to fall inside the minor correction 2, which previously broke the support trendline of the daily up channel from the middle of April. The breakout of this up channel should accelerated the active wave 2 – which started earlier from the resistance area lying between the resistance level 1.0950 and the resistance trendline of the daily up channel from April. AUD/NZD is expected to fall further toward the next sell target at the next support level 1.0650.
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...