AUDCAD continues to fall sharply after the earlier breakout of the key support level 0.8840 (which has been reversing the price from the start of October, as can be seen from the daily AUDCAD chart below).
The breakout of the support level 0.8840 should accelerate the active medium-term impulse sequence (5) from the start of February.
Given the clear daily downtrend – AUDCAD is likely to fall further toward the next support level 0.8750. Strong resistance now stands at 0.8840.
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
This website uses cookies
