USD/CAD has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 1.3622 may materialize within the next 3 days.
Related Posts
If EUR/USD touches 1.0655 it may be time to take action.
EUR/USD is moving towards a key resistance level at 1.0655. EUR/USD has previously tested this level 4 times…
We expect NZDUSD to trend upwards right now.
Based on the last 12 Retail Sales MoM events in United Kingdom, we could see a $1010 movement…
GBP/USD is currently testing a level of 1.2421. Will the breakout continue or will things reverse?
GBP/USD has broken through a support line. Because we have seen it retrace from this price in the…