The breakout of USD/CAD through the 1.2811 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, USD/CAD could test 1.2767 within the next 9 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Related Posts
USDJPY likely to test 147.1170 in the near future. Where to next?
USDJPY is moving towards a support line. Because we have seen it retrace from this level in the…
EURCHF moves higher to 0.9403 in the last 16 hours.
EURCHF reached 0.9403 after a 0.62% move spanning 16 hours.
CHFJPY – approaching a resistance line that has been previously tested at least twice in the past
CHFJPY is heading towards the resistance line of a Channel Up and could reach this point within the…