The price of USD/CAD in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
ARTÍCULOS RELACIONADOS
Supports and resistances are primary concepts of technical analysis. EURJPY is heading for an important price of 173.0165 – read about what this could mean for the future.
EURJPY is heading towards a line of 173.0165. If this movement continues, the price of EURJPY could test…
Resistance line breached by USDJPY. This price has been tested at least twice before.
Channel Down pattern identified on USDJPY has broken through a resistance level with the price momentum continuing to…
USDCHF formed a Channel Down on the 4 hour chart. Retest of resistance in sight.
A Channel Down pattern was identified on USDCHF at 0.78923, creating an expectation that it may move to…