• AUDCAD reversed from resistance level 0.9425
• Likely to fall to support level 0.9300
AUDCAD recently reversed down from the key resistance level 0.9425 (which has been reversing the price from last November) -strengthened by the upper daily Bollinger Band.
The downward reversal from the resistance level 0.9425 stopped the previous intermediate ABC correction (2).
AUDCAD can be expected to fall further toward the next support level 0.9300 (low of the previous minor correction B).
Source: Fxpro
