AUD/CAD reversed from powerful support level 1.0050
- AUD/CAD reversed from powerful support level 1.0050
- Next buy target - 1.0200
AUD/CAD recently reversed up from the powerful support level 1.0050 (former strong resistance level which reversed the price in July and August, as can be seen from the daily AUD/CAD chart below). The upward reversal from this support zone created the daily Japanese candlestick reversal pattern Morning Star – the middle candle of which is the daily Doji. AUD/CAD is likely to rise toward the next buy target at the next resistance level 1.0200.