Ktafx

October 20, 2020 at 03:35PM

• 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).

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From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/audcad-wave-analysis-20-october-2020-20201020/
Selected by fonecable.com

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