– EURCAD broke the support level 1.4500
– Likely to fall to support level 1.4300
EURCAD currency pair recently broke the support level 1.4500 (low of the previous ABC correction (2)) intersecting with the 61.8% Fibonacci correction of the upward impulse (1) from June.
The breakout of the support level 1.4500 accelerated the active ABC correction 2.
Given the strong CAD purchases, EURCAD currency pair can be expected to fall further toward the next support level 1.4300 (former multi-month low from June).
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
This website uses cookies