AUDCAD 16 03 2021
In February of this year, there was a gradual fall in prices from the local maximum of 0.999. The price has been rising to this high since last spring. The fall took place in several stages, each of which was accompanied by a correction. During the fall, the price broke through the strong resistance zone of 0.975. Recently, the price bounced off the support line of March 2020 - 0.963, after which it fixed on the line and now I expect the price to start a new rise. I expect that after the correction the price will return to the resistance zone of 0.975.
In February of this year, there was a gradual fall in prices from the local maximum of 0.999. The price has been rising to this high since last spring. The fall took place in several stages, each of which was accompanied by a correction. During the fall, the price broke through the strong resistance zone of 0.975. Recently, the price bounced off the support line of March 2020 - 0.963, after which it fixed on the line and now I expect the price to start a new rise. I expect that after the correction the price will return to the resistance zone of 0.975.