AUDCAD Wave Analysis – 29 April, 2020

• AUDCAD reversed from resistance area
• Likely to fall to 0.9000

AUDCAD recently reversed down from the resistance area lying between the resistance level 0.9130 (which has been reversing the price from September) and the upper daily Bollinger Band.

The downward reversal from this resistance area stopped the earlier medium-term ABC correction (2) from the middle of March.

AUDCAD is expected to fall further toward the next support level 0.9000 (former resistance level from January and February).