The breakout of USD/CAD through the 1.3670 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, USD/CAD could test 1.3613 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Related Posts
CHFJPY – approaching a support line that has been previously tested at least twice in the past
Emerging Falling Wedge detected on CHFJPY – the pattern is an emerging one and has not yet broken…
If AUDJPY touches 91.4090 it may be time to take action.
AUDJPY is heading towards 91.4090 and could reach this point within the next 2 days. It has tested…
USDCHF hits 0.80915 after a 8.4% move spanning 33 days
USDCHF has moved lower by 8.4% from 0.88331 to 0.80915 in the last 33 days.