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 1.3482 may materialize within the next 16 hours.
Related Posts
EURJPY through 163.07934353741496. Is this a confirming a breakout? Will it continue its path in the current trend toward 162.4956?
This trade setup on EURJPY is formed by a period of consolidation; a period in which the price…
GBPJPY moves lower to 193.0935 in the last 6 days.
GBPJPY has experienced an exceptionally large amount of consecutive bearish candles to reach a price of 193.0935 in…
GBPUSD heading towards a price it has tested 5 times in the recent past.
GBPUSD is heading towards 1.3568 and could reach this point within the next 2 days. It has tested…