AUD/CAD falling inside wave (2)
Read the article on FBS website
- AUD/CAD falling inside wave (2)
- Next sell target - 0.8780
AUD/CAD recently reversed down sharply from the lower trendline of the recently broken daily Triangle (Acting as resistance after it was broken previously). The downward reversal from this Triangle created the daily Japanese candlesticks reversal pattern Shooting Star. AUD/CAD is expected to fall further toward the next sell target at the next support level 0.8780 (multi-month low from May and the target for completion of the active wave (2)).
