NZD/CAD could find a top around 0.8930
NZD/CAD managed to make a rebound above the May 17th lows and it’s currently making a retracement from the decline held since May 8th…
AUD/USD reversed from support zone
- AUD/USD reversed from support zone
- Next buy target - 0.7900
AUD/USD recently reversed up from the support zone lying between the support level 0.7820 (low of the previous corrective wave 4), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward price impulse from June. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Hammer. AUD/USD is expected to rise to the next buy target at the next resistance level 0.7900 (former support level from August).
Dmitry Chernovolov
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