AUDCAD Wave Analysis 18 September 2024

– AUDCAD broke pivotal resistance level 0.9170

– Likely to rise to resistance level 0.9260

AUDCAD currency pair recently broke above the pivotal resistance level 0.9170 (which stopped the previous waves (1) and B last month).

The breakout of the resistance level 0.9170 accelerated the active intermediate impulse wave (3).

Given the clear daily uptrend, AUDCAD currency pair can be expected to rise further to the next resistance level 0.9260 (former multi month high from July).