USD/CAD is moving towards a line of 1.3498 which it has tested numerous times in the past. We have seen it retrace from this positions in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If USD/CAD continues in its current trajectory, we can expect it to reach 1.3498 within the next 2 days.
Related Posts
A possible move by EUR/USD towards 1.0663
Channel Up pattern identified on EUR/USD has broken through a support level with the price momentum continuing to…
If EUR/USD touches 1.0620 it may be time to take action.
EUR/USD is heading towards a line of 1.0620. If this movement continues, the price of EUR/USD could test…
We expect AUDUSD to trend downwards right now.
Based on the last 12 Personal Income MoM events in United States, we may expect AUDUSD to trend…