AUDCAD: ⬇️ Sell
– AUDCAD reversed from multi-month resistance level 1.0000
– Likely to fall to support level 0.9880
AUDCAD currency pair recently reversed down from the resistance zone located near the key parity resistance level 1.0000 (which stopped the previous intermediate wave (3) in May) and the upper weekly Bollinger Band.
The downward reversal from this resistance zone stopped the earlier intermediate impulse wave (5). Given the strength of the key resistance level 1.0000 and the overbought weekly Stochastic indicator, AUDCAD currency pair can be expected to fall further toward the next support level 0.9880.
 in May) and the upper weekly Bollinger Band.){kind=link}