Technical levels of AUD/CAD
AUD/USD broke key support area
- AUD/USD broke key support area
- Next sell target - 0.7650
AUD/USD recently broke through the strong support area lying at the intersection of the pivotal support level 0.7750 (which stopped the previous intermediate impulse wave (1)) and the 50% Fibonacci correction of the previous upward price impulse from June. The breakout of this support area accelerated the active impulse wave (3) from the middle of October. AUD/USD is expected to fall to the next sell target at the next support resistance level 0.7650.
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...