USDCAD: ⬆️ Buy
– USDCAD broke resistance area
– Likely to rise to resistance level 1.3900
USDCAD currency pair recently broke the resistance area between the resistance level 1.3725 (top of the previous wave A from the end of February) and 50% Fibonacci correction of the downward impulse 5 from January.
The breakout of this resistance zone accelerated the C-wave of the active ABC correction (2).
USDCAD currency pair can be expected to rise toward the next resistance level 1.3900 (target price for the completion of the active C-wave).