USD/CAD has broken through a resistance line. It has touched this line at least twice in the last 15 days. This breakout may indicate a potential move to 1.3589 within the next 4 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
It’s time to make a decision on GBP/USD – its recent breach of 1.2472 could be a sign of a new trend to follow.
GBP/USD is once again retesting a key horizontal resistance level at 1.2472. It has tested this level 3…
EUR/USD – approaching a price line that has been previously tested numerous times in the past
The price of EUR/USD in heading back to the support area. It is possible that it will struggle…
We expect a $100 movement on NZDUSD within the next 2 hours.
Based on the last 12 GDP Growth Rate QoQ Adv events in United States, we may expect NZDUSD…