AUD/CAD reached sell target 0.9360
- AUD/CAD reached sell target 0.9360
- Next sell target - 0.9300
AUD/CAD continues to fall after the earlier breakout of the support level 0.9360, which was set as the sell target in our previous forecast for this currency pair. The breakout of the support level 0.9360 is likely to accelerate the active minor impulse wave (iii) of the intermediate C-wave from the start of March. The active impulse wave (iii) started earlier this month – when the pair reversed down from the resistance zone surrounding the resistance level 0.9500.
AUD/CAD is likely to fall further to the next sell target at the support level 0.9300 (which previously reversed the price in November of 2015, as can be seen below).