Technical levels of AUD/CAD
GBP/AUD rising inside intermediate ABC correction (2)
- GBP/AUD rising inside intermediate ABC correction (2)
- Next buy target - 1.7660
GBP/AUD recently broke through the strong resistance level 1.7370 (which stopped the previous minor impulse wave (i) in October). The breakout of the resistance level 1.7370 accelerated the active minor impulse wave C – which belongs to the sharp intermediate ABC correction (2) from the end of August. GBP/AUD is expected to rise toward the next buy target at the next resistance level 1.7660 (monthly high from May and the target price for the completion of wave (2)).
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...