• USDCAD broke resistance zone
• Likely to rise to resistance level 1.2550
USDCAD recently broke the resistance zone located between the key resistance level 1.2475 and the resistance trendline of the daily resistance trendline from April.
The breakout of this resistance zone accelerated the active short-term impulse waves (iii) and 3 – belonging to wave (1) from May.
Given the strong outflows from the Canadian dollar or oil prices falling sharply, USDCAD can be expected to rise further toward the next resistance level 1.2550.
- 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
