• CADCHF broke resistance level 0.7370
• Likely to rise to resistance level 0.7500
CADCHF continues to rise after the earlier breakout of the resistance level 0.7370 (former support from March – which stopped the previous waves B and A).
The breakout of the resistance level 0.7370 coincided with the breakout of the 38.2% Fibonacci correction of the previous ABC wave (A).
Given the multi-month uptrend – CADCHF is likely to rise further toward the next resistance level 0.7500 (which stopped the previous sharp (C)-wave in March).
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies
