• GBPCAD broke support zone
• Likely to fall to 1.7000
GBPCAD recently broke the support zone lying between the key support level 1.7190 (monthly low from April) and the 50% Fibonacci correction of the previous upward impulse wave 1.
The breakout of this support zone should accelerate the active minor impulse wave (c) of the ABC correction 2 from the end of March.
GBPCAD is likely to fall further toward the next round support level 1.7000 (likely price for the completion of the active wave 2).
- GBPUSD reversed from support level 1.2495 - Likely to rise to resistance level 1.2625…
- EURUSD reversed from powerful support level 1.0350 - Likely to rise to resistance level…
- WTI broke daily Triangle - Likely to rise to resistance level 70.90 WTI crude…
- AUDUSD reversed from resistance level 0.6270 - Likely to fall to support level 0.6200…
- 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…
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