• USDCAD broke key support level 1.2480
• Likely to fall to support level 1.235
USDCAD continues to fall after the price broke the key support level 1.2480 (which reversed the pair each of the last 5 trading sessions).
The breakout of the support level 1.2480 accelerated the active minor corrective wave (ii) from the middle of April.
Given the strong multi-month downtrend – USDCAD currency pair is likely to fall further toward the next pivotal support level 1.235 (monthly low from March and the target for the completion of the active wave (ii)).
Bitcoin: ⬇️ Sell - Bitcoin reversed from resistance area - Likely to fall to support level…
USDJPY: ⬇️ Sell - USDJPY reversed from resistance area - Likely to fall to support…
Stock indices The Fed managed to please the American stock market by easing its policy…
The Fed lowered rates to 3.50–3.75% and resumed asset purchases. The CHF is gaining on…
Bitcoin’s modest uptrend faces pressure as market volatility rises; corporate reserves surge, but regulatory and…
Qualcomm: ⬆️ Buy - Qualcomm broke strong resistance level 177.00 - Likely to rise to resistance…
This website uses cookies