AUDCAD Wave Analysis 11 December, 2020
December 11, 2020 @ 18:20 +03:00
• AUDCAD broke resistance level 0.9615
• Likely to rise to 0.9665
AUDCAD previously broke above the resistance level 0.9615 (which stopped the previous medium-term upward impulse wave (1) at the end of November).
The breakout of this resistance 0.9615 continues the active medium-term upward impulse wave (3). Given the clear daily uptrend – AUDCAD is expected to rise further toward the next resistance level 0.9665 (former monthly high from the middle of September).