FxPro - Analytics


761.75 6.25/10
89% of positive reviews

AUDCAD Wave Analysis – 16 December, 2019

  • AUDCAD reversed from resistance area
  • Likely to fall to 0.9000

AUDCAD recently reversed down from the resistance area lying between the key resistance level 0.911 (which has been reversing the price from September), 38.2% Fibonacci correction of the previous downward impulse from April and the upper daily Bollinger Band.

The downward reversal from this resistance area stopped the earlier long-term ABC correction from the start of October.

AUDCAD is expected to fall further toward the next support level 0.9000 (low of the previous short-term correction 4).


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