Technical levels of AUD/CAD
CAD/CHF broke support zone
- CAD/CHF broke support zone
- Next sell target - 0.7600
CAD/CHF recently broke through the support zone lying between the key support level 0.7730 (which reversed the price twice from the start of May, as can be seen below) and the 50% Fibonacci correction of the previous sharp upward impulse (v) from April. The breakout of this support zone accelerated the active minor impulse wave (i). CAD/CHF is expected to fall further toward the next sell target at the next support level 0.7600.
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...