– USDCAD broke resistance level 1.3300
– Likely to rise to resistance level 1.3400
USDCAD currency pair continues to rise inside the minor impulse wave 1, which recently broke the resistance level 1.3300 (which has been reversing the pair from last week).
The breakout of the resistance level 1.3300 coincided with the breakout of the 38.2% Fibonacci correction of the downward impulse from May.
Given the strongly bullish USD sentiment, USDCAD currency pair can be expected to rise further toward the next resistance level 1.3400 (target price for the completion of the active impulse wave 1).
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies