Technical levels of AUD/CAD
EUR/AUD broke resistance zone
- EUR/AUD broke resistance zone
- Next buy target - 1.4700
EUR/AUD continues to rise after the earlier breakout of the resistance zone lying between the resistance levels 1.4300 (top of the previous waves 2 and (A), intersecting with the 61.8% Fibonacci correction of the previous sharp downward impulse (C) from December) and 1.4400. The breakout of this resistance zone follows the earlier breakout of the extended daily down channel - which accelerated the active minor impulse wave 3.
EUR/AUD is expected to rise to the next buy target at the next resistance level 1.4700 (which reversed the previous intermediate correction (B) in December).
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...