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Fibonacci Retracements Analysis AUD/USD, USD/CAD

ByDmitriy Gurkovskiy
Published 03/09/2020, 09:55
Updated 09/07/2023, 11:32
AUD/USD
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USD/CAD
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AUD/USD
On H4, the quotations stepped over and secured above not only 61.8% Fibo but also the post-correctional extension area of 138.2-161.8% Fibo (0.7174-0.7242). The foal of the growth is 76.0% (0.7504). However, there is a correctional decline developing after a divergence. We are not expecting a pullback to the important support levels: the fractal one (0.6776) and 50.0% Fibo (0.6822).
AUDUSD_H4
On H1, the pair is demonstrating a wave of decline after a wave of growth and a local divergence. By now, the quotations have dropped to 38.2% Fibo and may proceed to 50.0% (0.7276) and 61.8% (0.7244). When the correctional phase is over, we expect another impulse of growth to the current peak and resistance level of 0.7414.
AUDUSD_H1
USD/CAD
On H4, the quotations have found themselves under the post-correctional extension range of 138.2-161.8% Fibo (1.3164-1.3068) and are trying o secure there. A convergence forming on the MACD forecasts a pullback before the price resumes falling to the fractal low of 1.2951. The nearest goal of the correctional growth is at 23.6% (1.3164). the next goals of the growth may be 38.2% (1.3270), 50.0% (1.3361), and 61.8% (1.3439).
USDCAD_H4
On H1, there is a new wave of correctional growth developing. The first goal of the growth is 23.6% Fibo (1.3164). The support is at the low of 1.2994.
USDCAD_H1

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