Technical levels of AUD/CAD
GBP/AUD reversed from support zone
- GBP/AUD reversed from support zone
- Next buy target - 1.7730
GBP/AUD recently reversed up from the support zone lying between the support level 1.7380 (low of wave (b) from January) and the lower daily Bollinger Band. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Piercing Line – which started the active correction (4). GBP/AUD is expected to rise further toward the next buy target at the next resistance level 1.7730 (high of the Shooting Star from last Friday).
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...