Technical levels of AUD/CAD
USD/CAD broke resistance level 1.3000
- USD/CAD broke resistance level 1.3000
- Next buy target - 1.3130
USD/CAD continues to rise after the earlier breakout of the powerful resistance level 1.3000 (which has been steadily reversing the price from the end of May, as can be seen below). The breakout of this resistance level accelerated the active minor impulse wave 3, which belongs to the medium-term upward impulse wave (3) from last month. USD/CAD is expected to rise further toward the next buy target at the next resistance level 1.3130 (multi-month high from March).
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...