– AUDCAD reversed from support zone
– Likely to rise to the resistance level 0.9150
AUDCAD recently reversed up from the support area between the support level 0.9020 (which reversed the price at the start of August) and the lower daily Bollinger Band.
The upward reversal from the support level 0.9020 stopped the C-wave of the previous ABC correction (2).
Given the clear daily uptrend, AUDCAD can be expected to rise further to the next resistance level 0.9150 (middle of the congestions zone, which stopped the earlier waves (1) and B).
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies