AUDCAD Analysis Feb 2020

16-Feb-2020

CMP: 0.8764; Res: 0.9155; Sup: 0.8835
Still I expect to see more down towards 0.8764, 0.8545, 0.8379 long term.
Since, I expect current move as wave IV, there can me different variations in the move. Let us wait n watch how the market proceeds.

1. Upside can be 0.9191-0.9411 with the support of 0.8834
2. Can make new low and reverse back to 0.9155-0.9200 n fall to 0.8764.
3. If this going to be wxy, can reverse back to 1.0780.