Technical levels of AUD/CAD
AUD/NZD rising inside sharp C-wave
- AUD/NZD rising inside sharp C-wave
- Next buy target - 1.0800
AUD/NZD has been rising sharply in the last few trading sessions inside the sharp minor C-wave of the intermediate ABC correction (2) from the end of June. The price earlier broke through the two consecutive Fibonacci correction levels (50% and 61.8%) of the previous sharp downward impulse from the start of May. AUD/NZD can then be expected to rise further toward the next buy target at the next resistance level 1.0800 (target price calculated for the termination of the active correction (2)).
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...