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USD/CAD broke support zone

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  • USD/CAD broke support zone
  • Next sell target - 1.2600

USD/CAD continues to fall after the earlier breakout of the support zone lying between the pivotal support level 1.2800 (which reversed the price twice in March) and the 38.2% Fibonacci correction of the upward price impulse 1 from the start of February. The breakout of this support zone accelerated the active minor impulse wave (c).  USD/CAD is expected to fall further toward the next sell target at the next support level 1.2600.

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