December 11, 2020 at 03:20PM
• 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/
Selected by fonecable.com
- Dollar Flat as Short-Squeeze Trade Nearing End, Experts Say
- Long DJIA on Reflation and Infrastructure: Q2 Top Trading Opportunities
- USD Recovery and Resistance Hurdles: Q2 Top Trading Opportunities
- Gold Bearish Price Series Emerges amid Failure to Test March High
- NEWS: GBPUSD corrects into the close April 12, 2021 at 08:29PM