USD/CAD is moving towards a line of 1.2869 which it has tested numerous times in the past. We have seen it retrace from this position 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 may see it move towards 1.2869 within the next 23 hours.
Related Posts
EURAUD recorded 8 consecutive daily bearish candles.
EURAUD experienced an unusual number of bearish candles on the Daily timeframe.
AUDJPY has broken through a resistance line. It has touched this line numerous times in the last 26 days.
AUDJPY has breached the resistance line at 96.0235. It may continue the bullish trend towards 96.7886, or, it…
Resistance line breached by AUDCAD. This price has been tested at least twice before.
AUDCAD has broken through a resistance line of a Triangle and suggests a possible movement to 0.9024 within…