AUDCAD Wave Analysis 11 December, 2020

December 11, 2020 at 03:20PM

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• AUDCAD broke resistance level 0.9615

• Likely to rise to 0.9665

AUDCAD previously broke above the resistance level 0.9615 (which stopped the previous medium-term upward impulse wave (1) at the end of November).

The breakout of this resistance 0.9615 continues the active medium-term upward impulse wave (3). Given the clear daily uptrend – AUDCAD is expected to rise further toward the next resistance level 0.9665 (former monthly high from the middle of September).

From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/audcad-wave-analysis-11-december-2020-20201211/
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