Technical levels of AUD/CAD
GBP/CAD reached sell target 1.6220
- GBP/CAD reached sell target 1.6220
- Next sell target - 1.6000
GBP/CAD continues to fall after the recent breakout of the key support level 1.6220 (which stopped the previous intermediate impulse wave (3) and which was set as the sell target in our earlier forecast for this currency pair). The breakout of the support level 1.6220 accelerated the active minor impulse wave 3, which belongs to the intermediate impulse (3) from the start of August. GBP/CAD is expected to fall to next sell target at the next support level 1.6000.
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...