AUDCAD is currently trading close to the strong support area lying between the key support level 0.8900 (which been reversing the price from October) and the lower daily Bollinger Band.
The aforementioned support level 0.8900 also reversed the price twice in the middle of August, as can be seen below.
AUDCAD is likely to rise further toward the next resistance level 0.8950 (former support which stopped the previous wave B).
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
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…
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