Technical levels of AUD/CAD
AUD/USD reversed from support zone
- AUD/USD reversed from support zone
- Next buy target - 0.7440
AUD/USD recently reversed up from the support zone lying between the major support level 0.7320 (which also reversed the price in May of 2017) and the lower weekly Bollinger Band. The upward reversal from this support zone lying stopped the earlier impulse wave C. Given the oversold weekly Stochastic, AUD/USD is expected to rise further toward the next buy target at the next resistance level 0.7440.
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...