USD/CAD has broken through a resistance line of a Falling Wedge and suggests a possible movement to 1.3657 within the next 4 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 28 days.
ARTÍCULOS RELACIONADOS
Supports and resistances are primary concepts of technical analysis. EURCAD is heading for an important price of 1.5567 – read about what this could mean for the future.
EURCAD is en route to a very important line that will be a definite deciding factor of what…
Important support line being approached by AUDCAD. This price has been tested numerous time in the last 17 days
AUDCAD was identified at around 0.88591 having recently rebounded of the resistance on the 4 hour data interval.…
After testing resistance twice in the past, EURGBP has finally broken through. Can we expect a bullish trend to follow?
EURGBP has broken through the resistance line which it has tested twice in the past. We have seen…