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AUDCAD Wave Analysis 23 January 2025

– AUDCAD broke round resistance level 0.9000– Likely to rise to resistance level 0.9080AUDCAD currency pair recently broke the round resistance level 0.9000 (which stopped the previous wave 4 at the start of January)The breakout of the resistance level 0.9000 coincided with the breakout …

Mise à jourJan 24, 2025
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– AUDCAD broke round resistance level 0.9000

– Likely to rise to resistance level 0.9080

AUDCAD currency pair recently broke the round resistance level 0.9000 (which stopped the previous wave 4 at the start of January)

The breakout of the resistance level 0.9000 coincided with the breakout of the 50% Fibonacci correction of the previous downward impulse from December and the daily down channel from September – which accelerated the active impulse wave 1.

AUDCAD currency pair can be expected to rise toward the next resistance level 0.9080 (top of wave b from the middle of December).

Source: https://fxpro.news

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