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 1.3535 may materialize within the next 2 days.
Related Posts
EURAUD is quickly approaching a very important level it has previously tested numerous times in the past
EURAUD is moving towards a line of 1.7532 which it has tested numerous times in the past. We…
GBPUSD is quickly approaching the resistance line of a Triangle. We expect either a breakout through this line or a rebound.
GBPUSD is heading towards the resistance line of a Triangle. If this movement continues, the price of GBPUSD…
AUDUSD – It’s perhaps in these huge moves where the greatest opportunity lies
An unexpected large move has occurred on AUDUSD Daily chart beginning at 0.613325 and ending at 0.650335. Is…