USDCAD recently broke though the resistance trendline from the end of May – which accelerated the active impulse wave C of the ABC correction 2.
The active wave 2 is a part of the longer-term downward impulse sequence (3) from May.
USDCAD is expected to rise further toward the next strong resistance level 1.3300 (which has been reversing the price from August, target price for the completion of the active ABC correction 2).
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- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
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- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
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