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 1.3535 may materialize within the next 2 days.
Related Posts
An unexpected large move has occurred on CHFJPY 1 hour chart! Is this a sign of something new? What can we expect?
Those of you that are trend followers are probably eagerly watching CHFJPY to see if its latest 1.17%…
Important resistance line being approached by GBPUSD. This price has been tested numerous time in the last 10 days
Emerging Rising Wedge pattern in its final wave was identified on the GBPUSD 4 hour chart. After a…
EURCHF likely to test 0.9589 in the near future. Where to next?
EURCHF is moving towards a key resistance level at 0.9589. This is a previously tested level for EURCHF.…