• AUDCAD reversed from resistance level 0,9640
• Likely to fall to 0.9550
AUDCAD is currently in the profit-taking correction from the nearby resistance level 0,9640 (which reversed the previous waves (iii) and 5) located near the upper daily Bollinger Band.
The downward reversal from the resistance level 0,9640 started the active short-term corrective wave B.
With the predominantly bearish AUD sentiment affecting this currency pair today – AUDCAD is likely to fall toward the next support level 0.9550.
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- 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…
This website uses cookies