• 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.
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
This website uses cookies