• USDCAD reversed from support level 1.3215
• Likely to fall to resistance level 1.3400
USDCAD recently reversed up from the key support level 1.3215 (previous monthly high from the start of July), lower daily Bollinger Band, intersecting with the 38.2% Fibonacci correction of the downward impulse from October.
The upward reversal from the support level 1.3215 stopped the earlier short-term impulse wave (iii) of the higher impulse waves C and (B).
Given the clear daily uptrend and the oversold daily Stochastic, USDCAD can be expected to rise further toward the next resistance level 1.3400 (former low of wave (i) from the start of November).
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