Hello friends
In the AUDCAD currency pair, we see an upward rally that has completed 5 complete waves
Now a corrective wave should be formed, which consists of wave A and B.
Now we expect the formation of wave C
If the price breaks the upward trend line and makes a pullback, we expect the price to drop to the range of 0.8893.
If this level breaks, a drop to the 0.8752 range is not far off.
If the resistance level of 0.9062 is broken, our hypothesis is invalid.
Be successful and profitable
In the AUDCAD currency pair, we see an upward rally that has completed 5 complete waves
Now a corrective wave should be formed, which consists of wave A and B.
Now we expect the formation of wave C
If the price breaks the upward trend line and makes a pullback, we expect the price to drop to the range of 0.8893.
If this level breaks, a drop to the 0.8752 range is not far off.
If the resistance level of 0.9062 is broken, our hypothesis is invalid.
Be successful and profitable