– USDCAD reversed from key support level 1.3200
– Likely to rise to resistance level 1.3400
USDCAD currency pair recently reversed up from the key support level 1.3200 (which reversed the price multiples times in the middle of 2023, as can be seen below).
The support level 1.3200 was further strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the upward impulse from 2021.
Given the strongly bullish dollar sentiment seen today, USDCAD can be expected to rise further to the next resistance level 1.3400 (former low of wave B from last year).
The dollar experienced a sell-off but rallied back up by the end of the week.…
The new week will be packed with economic data and decisions from key central banks.…
Despite economic factors working against the dollar, its oversold condition helped it this week or…
USDCAD: ⬇️ Sell - USDCAD reversed from key resistance level 1.4500 - Likely to fall…
Solana: ⬆️ Buy - Solana reversed from the long-term support level 113.75 - Likely to…
Adobe: ⬇️ Sell - Adobe broke round support level 400.00 - Likely to fall to…
This website uses cookies