AUDCAD Wave Analysis 20 October, 2020
October 20, 2020 @ 17:35 +03:00
• AUDCAD broke support area
• Likely to fall to 0.9200
AUDCAD recently broke the support area lying between the key support level 0.9300 (which reversed the price twice in June) and the 61.8% Fibonacci correction of the upward impulse from May.
The breakout of this support area continues the active short-term impulse wave 3 from the middle of September.
AUDCAD is likely to fall further toward the next support level 0.9200 (target price for the completion of the active impulse wave 3).