The movement of USD/CAD towards 1.2464 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 17 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
Related Posts
EURCHF keeps moving closer towards 0.9396. Will it finally breach this level?
EURCHF is en route to a very important line that will be a definite deciding factor of what…
After testing the support line numerous times, GBPUSD is once again approaching this line. Can we expect a bearish trend to follow?
GBPUSD is heading towards the support line of a Falling Wedge and could reach this point within the…
After experiencing a 8.65% bearish move in the space of 14 days, nobody knows where AUDJPY is headed.
Those of you that are trend followers are probably eagerly watching AUDJPY to see if its latest 8.65%…