- AUDCAD reversed from support zone
- Likely to rise to resistance level 0.9945
AUDCAD currency pair recently reversed from the support zone between the support level 0.9761 (former resistance from February and March, low of earlier wave (4)) and the lower daily Bollinger Band.
The upward reversal from this support zone stopped the previous minor correction 2.
Given the clear daily uptrend, AUDCAD currency pair can be expected to rise to the next resistance level 0.9945 (which stopped earlier waves 5 and 1).
- Likely to rise to resistance level 0.9945
AUDCAD currency pair recently reversed from the support zone between the support level 0.9761 (former resistance from February and March, low of earlier wave (4)) and the lower daily Bollinger Band.
The upward reversal from this support zone stopped the previous minor correction 2.
Given the clear daily uptrend, AUDCAD currency pair can be expected to rise to the next resistance level 0.9945 (which stopped earlier waves 5 and 1).
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.