AUDCAD: stages of price development - what is the next step?

٢٩ أبريل ٢٠٢١Since February of this year, the regularity of price movement has been observed. A sharp collapse - after which there is a correction. In this case, the stages of movement can be considered as triplets - since the correction of the third wave stops at the low of the first wave (the levels are marked in blue on the chart). From February to March, the price fell in this stepwise approach; from March to April, it rose. However, downward growth has now begun. The price has just completed the collapse and a gradual rise towards resistance can be expected from the support level of 0.957. 0.965.

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