AUDCAD fall after strong growth

11 בדצמ׳ 2020

My last prediction came true. After exiting the small channel, the price bounced off the support and rallied towards resistance.
Then - broke the line.

The growth was based on the support zone at 0.948.
The price came into it earlier this week.
She fixed herself, pushed off and from that moment she grew a lot.
The growth stopped only at the resistance line 0.963.
This line has been on the chart since August. In most cases, it acts as resistance for the price.
I expect the price to fall from this line to the support line (Jul 2020)
The target is 0.958.

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