USD/CAD has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 1.3788 may materialize within the next 14 hours.
ARTÍCULOS RELACIONADOS
A possible move on AUDCAD as it heads towards resistance
AUDCAD was identified at around 0.895865 having recently rebounded of the support on the 4 hour data interval.…
Will AUDJPY break through the support level it tested before?
AUDJPY is en route to a very important line that will be a definite deciding factor of what…
NZDUSD experienced 5 consecutive daily bullish candles to reach a price of 0.6062
After posting 5 consecutive bullish candles in 8 days, you may start considering where NZDUSD is heading next,…