• USDCAD reversed from key resistnace level 1.2800
• Likely to fall to support level 1.2645
USDCAD currency pair recently reversed down from the key resistance level 1.2800 (which has been reversing the pair from the start of January).
The resistance zone near the resistance level 1.2800 was strengthened by the upper daily Bollinger Band and by the 61.8% Fibonacci correction of the previous ABC correction (2) from last December.
Given the strongly bullish CAD sentiment (on oil gains) – USDCAD currency pair can be expected to fall further toward the next support level 1.2645 (which has been reversing the price from the start of February).
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
This website uses cookies