– USDCAD broke the resistance zone
– Likely to rise to resistance level 1.3750
USDCAD currency pair recently broke the resistance zone located between the key resistance level 1.3635 (former monthly high from September) intersecting with the 38.2% Fibonacci correction of the downward wave C from August.
The breakout of this resistance zone strengthened the bullish pressure on this currency pair – accelerating the active impulse wave 3.
Given the strongly bullish US dollar sentiment seen today, USDCAD currency pair be expected to rise further to the next resistance level 1.3750, the target for the completion of the active impulse wave 3.
- 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