The breakout of USD/CAD through the resistance line of a Triangle could be a sign of the road ahead. If this breakout persists, we expect the price of USD/CAD to test 1.3261 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
ARTÍCULOS RELACIONADOS
GBPJPY is quickly approaching the support line of a Flag. We expect either a breakout through this line or a rebound.
GBPJPY is moving towards a support line which it has tested numerous times in the past. We have…
GBPUSD – approaching a resistance line that has been previously tested at least twice in the past
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Supports and resistances are primary concepts of technical analysis. NZDUSD is heading for an important price of 0.5861 – read about what this could mean for the future.
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