September 22, 2020 at 03:10PM
• AUDCAD reversed from resistance zone
• Likely to fall to 0.9500
AUDCAD recently reversed down from the resistance zone lying between the strong resistance level 0.9700 (which stopped the previous sharp impulse wave (C) in July) and the upper daily Bollinger Band.
The downward reversal from this resistance zone started the active intermediate corrective wave (C).
AUDCAD is expected to fall further toward the next support level 0.9500 (low of the previous short-term correction B the start of September).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/audcad-wave-analysis-22-september-2020-20200922/
Selected by fonecable.com
Search Web: AUDCAD Wave Analysis 22 September, 2020
Recent Posts
- What is FOMO in Trading? Characteristics of a FOMO Trader
- Analysis-In Japan, a weaker yen may not be the blessing it once was
- 10 Trading Mistakes to Avoid in Forex Trading
- The Psychology of Speculation in the Forex Market
- The New York Session: Forex Trading Tips
