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AUDCAD Wave Analysis 20 October, 2020

AUDCAD Wave Analysis 20 October, 2020

• AUDCAD broke support area

• Likely to fall to 0.9200

AUDCAD recently broke the support area lying between the key support level 0.9300 (which reversed the price twice in June) and the 61.8% Fibonacci correction of the upward impulse from May.

The breakout of this support area continues the active short-term impulse wave 3 from the middle of September.

AUDCAD is likely to fall further toward the next support level 0.9200 (target price for the completion of the active impulse wave 3).

AUDCAD Wave Analysis 20 October, 2020


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