– 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.
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