AUDCAD Wave Analysis – 3 July, 2019

AUDCAD reversed from support area
Further gains are likely

AUDCAD recently reversed up from the support area lying between the key support level 0.9100 (which stopped the sharp downtrend in October of 2018) and the lower daily Bollinger Band.

This support area was further strengthened by the lower support trendline of the wide daily down channel from last December.

AUDCAD is expected to rise further and retest the next resistance level 0.9220 (former key support from May).

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.

Next Gold Wave Analysis – 3 July, 2019 »

Previous « Warning Signs of the Debt Markets

Published by

The FxPro Tech Analysis Team

Tags: AUDCAD

7 years ago

The funeral for Gold has been postponed
The Supreme Court, with its scepticism about the legality of tariffs, has allowed the shiny…
Crypto bulls fail to maintain momentum
Crypto market stabilises after decline; Bitcoin rebounds but faces pressure. Mixed investor sentiment and notable…
Verbal interventions do not help yen
The weak yen and euro boost the USD, as central banks remain cautious and global…