– 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).
This week, we’re tracking the US Dollar’s powerful climb following Trump's victory, hitting a crucial…
Next week, several countries including Canada, the UK, and Japan will release their estimates of…
Investors have been selling off gold, with this week's drop being the largest in three…
The Hang Seng Index has fallen 20% from its peak, marking the start of a…
The S&P500 reached the 6000 mark but faced resistance due to fatigue and dollar appreciation.…
The crypto market has continued to cool down for the third day, with a 1.7%…
This website uses cookies