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.
Related Posts
Will USD/CAD break through the support level it tested before?
USD/CAD is moving towards a line of 1.3565 which it has tested numerous times in the past. We…
After testing 0.6174 numerous times, NZD/USD is once again approaching this price point. Can we expect a bearish trend to follow?
NZD/USD is moving towards a support line. Because we have seen it retrace from this level in the…
If you’re short GBP/USD you should be aware of the rapidly approaching level of 1.3230
GBP/USD is heading towards a line of 1.3230. If this movement continues, the price of GBP/USD could test…