Categories: Technical analysis

AUDCAD Wave Analysis – 27 May, 2020

• AUDCAD reversed from resistance level 0.9200

• Likely to fall to 0.9030

AUDCAD recently reversed down sharply from the resistance zone lying between the resistance level 0.9200 (set as the likely upward target in the previous report for this currency pair) and the upper daily Bollinger Band.

The downward reversal from the resistance level 0.9200 stopped the C-wave of the previous extended correction (4).

AUDCAD is likely to fall further toward the next support level 0.9030 (low of the 2 earlier corrections (iv) and iv)).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: AUDCAD

Recent Posts

Bitcoin Cash Wave Analysis – 12 January 2026

Bitcoin Cash: ⬇️ Sell - Bitcoin Cash reversed from resistance area - Likely to fall…

9 hours ago

EURJPY Wave Analysis – 12 January 2026

EURJPY: ⬆️ Buy - EURJPY reversed from support area - Likely to rise to resistance…

9 hours ago

Gold shines on an anti-fiat thesis

The dollar suffered due to threats to the Fed’s independence. Gold managed to renew its…

18 hours ago

SP500 Current situation #trading #tradelikeapro #sp500 #tradingshorts #tradingstrategy

Today is Monday, the 12th of January, and once again we will talk about the…

19 hours ago

Crypto: sell-the-growth continues

Crypto markets remain volatile; Bitcoin faces selling pressure, XRP slips, Monero surges, and market signals…

20 hours ago

CHFJPY Wave Analysis – 9 January 2026

CHFJPY: ⬆️ Buy - CHFJPY reversed from support area - Likely to rise to resistance…

3 days ago

This website uses cookies