USD/CAD has broken through the resistance 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 1.3068 may materialize within the next 6 days.
Related Posts
AUDJPY is currently testing a level of 91.4090. Will the breakout continue or will things reverse?
AUDJPY has breached the resistance line at 91.4090. It may continue the bullish trend towards 93.0515, or, it…
Could a large bearish move on EURGBP be a sign of things to come?
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…
After testing the resistance line numerous times, EURCHF is once again approaching this line. Can we expect a bullish trend to follow?
Emerging Channel Up pattern in its final wave was identified on the EURCHF 1 hour chart. After a…