AUDCAD: ⬇️ Sell

– AUDCAD reversed from the round resistance level of 0.9000

– Likely to fall to support level 0.8900

AUDCAD currency pair recently reversed from the round resistance level of 0.9000 (which has been steadily reversing the price from the start of May).

The resistance zone near the resistance level of 0.9000 was strengthened by the upper daily Bollinger Band and by the 61.8% Fibonacci correction of the downward impulse from October.

AUDCAD currency pair can be expected to fall to the next support level 0.8900, which has reversed the pair from the start of July.