• USDCAD broke key support level 1.2940
• Likely to fall to 1.2700
USDCAD continues to fall strongly after the pair broke below the key support level 1.2940 (which stopped the previous minor impulse wave 1 in November).
The breakout of the support level 1.2940 accelerated the active short-term impulse wave 3 and the higher level impulse wave (C).
USDCAD is expected to fall further toward the next support level 1.2700 (target price for the completion of the active impulse wave 3).
US CPI data a bit softer than forecasts, sparking brief market optimism, but resistance remains.…
🛢️ Oil prices are finding fresh strength as geopolitical tensions in the Middle East reignite…
Middle East tensions and Venezuelan supply shifts drive Brent crude volatility, with geopolitical risks and…
Crypto market edges up as risk appetite returns; Bitcoin and Ethereum recover, despite investor caution…
The dollar resumed its growth after the lawsuit against the Fed chairman. Rumours of early…
Today is Tuesday, the 13th of January, and we will talk about the natural gas…
This website uses cookies