The breakout of USD/CAD through the resistance line of a Falling Wedge could be a sign of the road ahead. If this breakout persists, we expect the price of USD/CAD to test 1.3186 within the next 10 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
ARTÍCULOS RELACIONADOS
EURUSD has broken through a resistance line. It has touched this line numerous times in the last 12 days.
EURUSD has broken through 1.1722 which it has tested numerous times in the past. We have seen it…
A Channel Down has formed, USDJPY is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
USDJPY was identified at around 147.209 having recently rebounded of the support on the 1 hour data interval.…
USDCAD is currently testing a level of 1.3670. Will the breakout continue or will things reverse?
USDCAD has breached the support line at 1.3670. It may continue the bearish trend towards 1.3587, or, it…