AUDCAD Wave Analysis – 25 May, 2020
May 25, 2020 @ 17:58 +03:00
• AUDCAD reversed from support level 0.9125
• Likely to rise to 0,9200
AUDCAD recently reversed up from the key support level 0.9125 (former strong resistance level which stopped the previous impulse waves (iii) and (v), as can be seen below).
The upward reversal from the support level 0.9125 started the active short-term impulse wave (v) – which belongs to the C-wave of the ABC correction (4) from March.
AUDCAD is likely to rise further toward the next resistance level 0,9200 (likely price for the completion of the active ABC correction (4)).