• EURCAD broke key resistance level 1.5660
• Likely to rise to 1.5745
EURCAD recently broke above the key resistance level 1.5660 (which reversed the price twice in October as can be seen from the daily EURCAD chart below).
The breakout of the resistance level 1.5660 coincided with the breakout of the 50% Fibonacci correction of the previous medium-term ABC correction (2) from July.
EURCAD is expected to rise further toward the next resistance level 1.5745 (monthly high from August and the target price for the termination of the active impulse wave 3).
- WTI crude oil broke resistance area - Likely to rise to resistance level 76.00…
- S&P 500 reversed from support area - Likely to rise to resistance level 6000.00…
The technical picture for gold is mixed, but a dip below the 50-day moving average…
The US stock market is starting the year in a state of fear, as reflected…
The crypto market is struggling to grow without the support of stock markets, with reduced…
- NZDUSD broke key support 0.5600 - Likely to fall to support level 0.5500 NZDUSD…
This website uses cookies