Technical levels of AUD/CAD
USD/CAD reversed from support zone
- USD/CAD reversed from support zone
- Next buy target - 1.3300
USD/CAD recently reversed up from the support zone lying between the support level 1.3070 (former resistance from March), lower daily Bollinger Band, 50-day moving average and the 38.2% Fibonacci correction of the previous upward impulse (1) from the middle of April. The upward reversal from this support zone started the active impulse wave (3). USD/CAD is expected to rise further toward the next buy target at the next resistance level 1.3300.
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...