USD/CAD has broken through a line of 1.3530 and suggests a possible movement to 1.3597 within the next 5 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 25 days.
Related Posts
EUR/USD has broken through a support line. It has touched this line numerous times in the last 4 days.
EUR/USD has broken through 1.0771 which it has tested numerous times in the past. We have seen it…
After trying numerous times in the past, USD/CAD finally breaks 1.3670!
The breakout of USD/CAD through the 1.3670 price line is a breach of an important psychological price that…
We expect USDJPY to trend upwards with a 71.43% chance.
Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we could see a 70…