• USDCAD broke key resistance level 1.3200
• Likely to rise to resistance level 1.3400
USDCAD currency pair under the bullish pressure after the price broke above the key resistance level 1.3200 (which has been reversing the pair from July, as can be seen below).
The breakout of the resistance level 1.3200 accelerated the active short-term impulse wave 3, which belongs to the intermediate impulse wave (3) from April.
Given the clear uptrend, strong CAD sales on oil losses, USDCAD can be expected to rise further toward the next resistance level 1.3400 (intersecting with the up channel from April, target for the end of minor wave (iii)).
Apple: ⬇️ Sell - Apple reversed from resistance level 220.00 - Likely to fall to…
IBM: ⬆️ Buy - IBM reversed from support zone - Likely to rise to resistance…
AUDNZD: ⬆️ Buy - AUDNZD reversed from key support level 1.0930 - Likely to rise…
EURCAD: ⬇️ Sell - EURCAD reversed from the resistance zone - Likely to fall to…
The crypto market has increased by over 5% and is nearing the $2.9 trillion. The…
Gold: ⬆️ Buy - Gold continues daily uptrend - Likely to rise to resistance level…
This website uses cookies