AUDCAD recently reversed down from the resistance area lying between the key resistance level 0.92200 (former strong support from May) and the upper daily Bollinger Band.
The downward reversal form this resistance area created the daily Japanese candlesticks reversal pattern Bearish Engulfing.
AUDCAD is expected to fall further and retest the next support level 0.9100 (which stopped the previous waves i) and (b)).
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
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- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
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