KHAN YOUNIS, GAZA, /, PALESTINE - 2019/01/28: A Palestinian seen holding a hundred dollar bill (100) after receiving Qatari assistance at the post office in Gaza strip. Palestinians receive first phase of the country's aid funds at the post office and the Qatari aid funds were delivered to 44,000 families in the Gaza Strip. (Photo by Yousef Masoud/SOPA Images/LightRocket via Getty Images)
• USDCAD reversed from support level 1.3530
• Likely to rise to resistance level 1.3795
USDCAD recently reversed up from the support level 1.3530 (low of wave (iv) from the start of October), intersecting with the lower daily Bollinger band, upper trendline of the daily up channel from April and 38.2% Fibonacci correction of the upward impulse from September.
The upward reversal from the support level 1.3530 started the active short-term correction (b).
Given the clear multi-month uptrend, USDCAD can be expected to rise further toward the next resistance level 1.3795 (target for the completion of the active minor correction (b)).
- S&P 500 reversed from support level 5000.00 - Likely to rise to resistance level…
- USDCHF reversed from support zone - Likely to rise to resistance level 0.9200 USDCHF…
The single currency is trading near $1.076, waiting for further cues and facing serious resistance…
Market picture The crypto market capitalisation fell by 1.7% in 24 hours to $2.29 trillion,…
- USDJPY reversed from support zone - Likely to rise to resistance level 155.65 USDJPY…
- Gold reversed from support zone - Likely to rise to resistance level 2400.00 Gold…
This website uses cookies