USDCAD today broke sharply above the strong resistance level 1.3280 (high of the previous wave 2 – which also previously reversed the pair in the middle of November, as can be seen below).
The breakout of this resistance level continues the active short-term impulse wave 4 of the medium-term impulse wave (3) from the start of November.
USDCAD is expected to rise further and re-test the next major resistance level 1.3390 (multi-month high from June and the target price for the completion of the active impulse wave 3).
Dow Jones: ⬇️ Sell - Dow Jones reversed from resistance level 49000.00 - Likely to fall…
Comcast: ⬆️ Buy - Comcast broke resistance area - Likely to rise to resistance level 31.00…
Platinum: ⬆️ Buy - Platinum broke resistance level 1800.00 - Likely to rise to resistance…
Silver: ⬆️ Buy - Silver broke resistance zone - Likely to rise to resistance level…
The Fed is in no hurry to cut rates, and Hassett is unlikely to accelerate…
Crypto market faces renewed downward pressure; Bitcoin may drop further, with diverging forecasts for 2026…
This website uses cookies
