This trade setup on USD/CAD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 1.3483.
ARTÍCULOS RELACIONADOS
GBPCHF likely to test 1.1041 in the near future. Where to next?
GBPCHF is moving towards a line of 1.1041 which it has tested numerous times in the past. We…
A possible move on GBPJPY as it heads towards resistance
GBPJPY is trapped in a Rising Wedge formation, implying that a breakout is Imminent. This is a great…
If you’re long AUDJPY you should be aware of the rapidly approaching level of 93.8055
The movement of AUDJPY towards 93.8055 price line is yet another test of the line it reached numerous…