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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).

Continue Reading…

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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Search Web: AUDCAD Wave Analysis 20 October, 2020

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