USD/CAD has broken through a resistance line of a Triangle and suggests a possible movement to 1.3582 within the next 7 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 3 days.
Related Posts
Will USD/JPY break through the resistance level it tested before?
A strong resistance level has been identified at 145.0420 on the 4 hour USD/JPY chart. USD/JPY is likely…
EUR/USD through 1.1168744444444445. Is this a confirming a breakout? Will it continue its path in the current trend toward 1.1214?
EUR/USD has broken through a resistance line. It has touched this line at least twice in the last…
Important price line breached by USD/CHF. This price has been tested numerous times before.
The breakout of USD/CHF through the 0.8449 price line is a breach of an important psychological price that…