– USDCAD reversed from key support level 1.3590
– Likely to rise to resistance level 1.3650
USDCAD currency pair recently reversed up from the key support level 1.3590 (former resistance from February and March, which has been reversing the price from the middle of May) coinciding with the lower daily Bollinger Band.
The support level 1.3590 was strengthened by the 50% Fibonacci correction of the previous sharp upward impulse (1) from December.
Given the clear daily uptrend and the oversold daily Stochastic, USDCAD currency pair can be expected to rise to the next resistance level 1.3650.
Welcome to Pro News Flash! 💵 The U.S. dollar slips 🏆 Major stock indices struggle…
Solana: ⬇️ Sell - Solana reversed from resistance zone - Likely to fall to support…
EURAUD : ⬇️ Sell - EURAUD broke the support level 1.7600 - Likely to fall…
In 2026, experts favour the yen, see modest euro growth, and expect pressure on the…
Crypto rebounds continue; Bitcoin faces resistance, with a mixed market outlook ahead, as regulatory changes…
Coca-Cola: ⬇️ Sell - Coca-Cola reversed from long-term resistance level 73.25 - Likely to fall to…
This website uses cookies