AUDCAD Wave Analysis – 1 June, 2020
June 01, 2020 @ 17:46 +03:00
• AUDCAD broke resistance zone
• Likely to rise to 0.9300
AUDCAD recently broke through the resistance zone lying between the two close resistance levels: 0.9200 and 0.9150 (multi-month high from December of 2019).
The breakout of this resistance zone should accelerate the active short-term impulse waves (iii) and C.
AUDCAD is likely to rise further toward the next resistance level 0.9300 (target price for the completion of the active impulse wave (iii)).