– USDCAD reversed from long-term resistance level 1.3900
– Likely to fall to support level 1.3700
USDCAD currency pair recently reversed down from the resistance zone located between the long-term resistance level 1.3900 (which stopped the weekly uptrend at the end of 2023) and the upper weekly Bollinger Band.
The downward reversal from the resistance zone created the weekly candlesticks reversal pattern Shooting Star Doji.
Given the strength of the resistance level 1.3900, USDCAD currency pair can be expected to fall further toward the next support level 1.3700.
- EURJPY reversed from support zone - Likely to rise to the resistance level 157.40…
- GBPUSD reversed from support zone - Likely to rise to the resistance level 1.3255…
Saturday's statistics from China added to fears of a slowdown in the world's second-largest economy,…
Market Picture The crypto market started the weekend on a positive note but has been…
Influential financial media are promoting the need for a 50-basis point rate cut. The Fed's…
GBPCAD reversed from strong resistance level 1.7850 Likely to fall to support level 1.7700 GBPCAD…
This website uses cookies