USD/CAD has broken through a resistance line. It has touched this line at least twice in the last 4 days. This breakout may indicate a potential move to 1.3636 within the next 10 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
A possible move on EURCHF as it heads towards resistance
Emerging Channel Up detected on EURCHF – the pattern is an emerging one and has not yet broken…
Important price line being approached by EURAUD. This price has been tested numerous times before.
EURAUD is en route to a very important line that will be a definite deciding factor of what…
A Triangle has formed, EURUSD is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
EURUSD is moving towards a support line which it has tested numerous times in the past. We have…