USDCAD - approaching a price line that has been previously tested numerous times in the past

USDCAD is about to retest a key horizontal resistance level near 1.4453. It has tested this level 7 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

If you’re short GBPCHF you should be aware that 1.1024 has just been breached – a level tested 5 time in the past

EURCHF formed a Triangle on the 4 hour chart. Retest of resistance in sight.

USDCAD moves higher to 1.39202 in the last 18 hours.

Receive the latest alerts via email

Hand-Picked Top-Read Stories

We expect a $440 movement on GBPUSD within the next 2 hours.

We expect S to trend downwards with a 75% chance.

An unexpected large move has occurred on DAX 40 Daily chart! Is this a sign of something new? What can we expect?

Trending Tags

USDCAD – approaching a price line that has been previously tested numerous times in the past

Previous Post

Important price line being approached by NFLX. This price has been tested numerous times before.

Next Post

Supports and resistances are primary concepts of technical analysis. ETHBTC is heading for an important price of 0.0251 – read about what this could mean for the future.