USD/CAD is heading towards the resistance line of a Falling Wedge and could reach this point within the next 13 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Related Posts
AUD/USD – breach of price line that’s been previously tested numerous times before
AUD/USD has broken through a resistance line. Because we have seen it retrace from this price in the…
Big movement possible on USD/JPY after a breach of 154.4560
The price of USD/JPY in heading in the direction of 152.0906. Despite the recent breakout through 154.4560 it…
We expect USDCAD to trend upwards for the next 4 hours.
We expect a $343 movement on USDCAD within the next 4 hours. We expect USDCAD to trend upwards…