InvestMate|AUD/CAD Heading North🦘

🦘AUD/CAD Heading North

🦘AUD/CAD In recent weeks it is not giving up and is pushing from a new peak to an ever higher high.

🦘I think the scenario will repeat itself and within the next few days we will see ourselves at the resistance zone marked on the chart.

🦘I have determined it based on two fibo levels. The first is the 0.5 level of the entire downward wave from the 2021 peak to the 2022 bottom. The second level is the 0.382 level of the entire upward wave from the covid bottom to the 2021 peak.

🦘The nearest support zone was determined by a cluster of two fibo levels. The first is the 0.382 level of the entire downward wave from the 2021 peak to the 2022 bottom. The second level is the 0.382 level of the entire downward wave from the 2012 peak to the 2020 bottom.

🦘The scenario I'm playing out is a continuation of the breakout with the direction at the new peaks finally reaching the resistance zone where I will watch how the price will react. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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