USD/CAD is heading towards a price line of 1.3212 and could reach this point within the next 17 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current lines.
Related Posts
Breach of 1.3703 could mean a start of a bullish trend on USD/CAD
USD/CAD has broken through 1.3703 which it has tested numerous times in the past. We have seen it…
Bulls aim for 1.0728 after the EUR/USD triggered a bearish formation on the 1 hour chart
EUR/USD moved through the support line of a Triangle at 1.0764983582089553 on the 1 hour chart. This line…
GBP/USD – breach of price line that’s been previously tested numerous times before
The breakout of GBP/USD through the 1.2529 price line is a breach of an important psychological price that…