AUDCAD Wave Analysis – 9 December, 2021

• AUDCAD reversed from round support level 0.9000

• Likely to rise to resistance level 0.9200
AUDCAD currency pair recently reversed up from the key round support level 0.9000 (former strong resistance from the start of August) – intersecting with the lower weekly Bollinger Band.

The upward reversal from the support level 0.9000 stopped the earlier downward impulse wave (1).

AUDCAD can be expected to rise further toward the next resistance level 0.9200 (which reversed the price in October).