FxPro - Analytics

FxPro

761.75 6.25/10
89% of positive reviews
Real

AUDCAD Wave Analysis – 24 July, 2019

  • AUDCAD reversed from resistance area
  • Further losses are likely

AUDCAD recently reversed down from the resistance area lying between the key resistance level 0.92200 (former strong support from May) and the upper daily Bollinger Band.

The downward reversal form this resistance area created the daily Japanese candlesticks reversal pattern Bearish Engulfing.

AUDCAD is expected to fall further and retest the next support level 0.9100 (which stopped the previous waves i) and (b)).

1563976805

Source: FxPro


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