USDCAD continues to rise after the recent upward reversal from the key support level 1.3400 (former resistance level from the start of April) – strengthened by the 38.2% Fibonacci correction of the previous upward impulse from February.
The upward reversal from the support level 1.3400 created the daily Japanese candlesticks reversal pattern Piercing Line.
USDCAD is expected to rise further and re-test the next resistance level 1.3520 (monthly high from last month).
- Nikkei 225 index rising inside minor impulse waves 3 - Likely to reach resistance…
- NZDJPY rising inside corrective wave ii - Likely to rise to resistance level 91.65…
Gold started the week with new highs and ended the week up 1.3%, despite a…
Crypto market cap rose by 3.2% to $2.21 trillion overnight. This made the struggle to…
- Gold reversed from support level 2550.00 - Likely to rise to resistance level 2600.00…
- S&P 500 broke key resistance level 5670.00 - Likely to rise to resistance level…
This website uses cookies