FBS - Analytics

    FBS

    553.25 6.25/10
    84% of positive reviews
    Real

    AUD/CAD: buy target - 0.9850

    • AUD/CAD reversed from support zone
    • Next buy target - 0.9850

    AUD/CAD recently reversed up sharply from the support zone lying between the following support levels: 0.9730 (previous sell target set in our earlier forecast for this currency pair), 0.9650, lower daily Bollinger Band and the 50% Fibonacci correction of the previous intermediate impulse wave (1). The upward reversal from this support zone completed the previous intermediate ABC correction (2) from the end of December.

    AUD/CAD is likely to rise further in the active intermediate impulse wave (3) toward the next buy target at the resistance level 0.9850 – the breakout of which can lead to further gains toward 0.9900 and 1.0000.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree