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 1.3622 may materialize within the next 3 days.
Related Posts
GBP/USD has broken through a resistance line. It has touched this line numerous times in the last 5 days.
GBP/USD has broken through a resistance line. It has touched this line numerous times in the last 5…
We expect a $1310 movement on NZDUSD within 48 hours following the event release at 2023-03-27 08:00.
We expect NZDUSD to trend downwards later today. Based on these past Germany Ifo Business Climate news events…
NZD/USD – approaching a price line that has been previously tested numerous times in the past
NZD/USD is moving towards a support line. Because we have seen it retrace from this level in the…