0
0
June 04, 2021 at 04:04PM
• AUDCAD reversed from support level 0.9265
• Likely to rise to resistance level 0.9400
AUDCAD recently reversed up from the powerful support level 0.9265 (which stopped the sharp downtrend in October) – strengthened by the lower daily Bollinger Band.
The upward reversal from the support level 0.9265 stopped the previous multi-impulse downward impulse sequence made out of the impulse waves (iii), 5 and (C).
AUDCAD can then be expected to rise further toward the next resistance level 0.9400 (top of the previous short-term correction (ii)).
From: The FxPro News Team https://fxpro.news/technical-analysis/audcad-wave-analysis-4-june-2021-20210604/
Selected by fonecable.com
Search Web: AUDCAD Wave Analysis – 4 June, 2021
Recent Posts
- Crude Oil Over Crypto
- US Dollar Price Action Setups pre-CPI: EUR/USD, GBP/USD, USD/JPY
- Cathie Wood & Ark: Insiders Aren’t Buying the Hype
- Breaking News: ECB Holds Rates, Setting up July and September for Fireworks
- Currency Carry Trade: What is it and how does it work?
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
