• USDCAD under bearish pressure
• Likely to fall to 1.2800
USDCAD under bearish pressure following the earlier breakout of the long-term and round support level 1.3000 (which previously reversed the price sharply in January and August).
The breakout of this support level is aligned with the active multi-month downtrend from Mach – and with the short-term impulse wave (c) from the end of last month.
USDCAD is likely to fall further toward the next support level 1.2800. Strong resistance now stands at the aforementioned price level 1.3000.
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…
- GBPAUD reversed from key support level 1.9135 - Likely to rise to resistance level…
Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per…
This website uses cookies