Open account Log in

AUD/CAD broke above parity

Read the article on FBS website
  • AUD/CAD broke above parity
  • Next buy target - 1.0100

AUD/CAD continues to rise after the recent breakout of the resistance zone lying between the parity and the 38.2% Fibonacci correction of the previous intermediate ABC correction (2) from the start of May. The breakout of this resistance zone should accelerate the active intermediate impulse wave (3) – which started earlier from the support zone lying between the support level 0.9800 and the support trendline of the daily down channel from May. AUD/CAD is expected to rise to the next buy target at the next resistance level 1.0100.

Share with friends:

Similar

Latest news

Instant opening

This website is owned and operated by Mitsui Markets Ltd. Address: 133 Santina Parade, Elluk, Port Vila, Efate, Vanuatu.

Mitsui Markets Ltd. does not offer financial services to residents of certain jurisdictions, including, but not limited to: the USA, the EU, the UK, Israel, the Islamic Republic of Iran, Myanmar.


Payment transactions are managed by НDС Technologies Ltd.; Registration No. HE 370778; Legal address: Arch. Makariou III & Vyronos, P. Lordos Center, Block B, Office 203, Limassol, Cyprus. Additional address: Office 267, Irene Court, Corner Rigenas and 28th October street, Agia Triada, 3035, Limassol, Cyprus.


Risk warning: Before you start trading, you should completely understand the risks involved with the currency market and trading on margin, and you should be aware of your level of experience.

Any copying, reproduction, republication, as well as on the Internet resources of any materials from this website is possible only upon written permission.


The information on this website does not constitute investment advice, a recommendation, or a solicitation to engage in any investment activity.

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.