USD/CAD Short Trade
USDCAD began the week slightly higher reaching as high as 1.2510 but failed to sustain these gains.
AUD/CAD broke resistance area
2019-11-11 • Updated
- AUD/CAD broke resistance area
- Next buy target - 0.9900
AUD/CAD continues to rise after the earlier breakout of the resistance area lying between the resistance level 0.9780 (which was set as the buy target in our earlier forecast for this currency pair) and the resistance trendline of the daily down channel from August. The breakout of this resistance area accelerated the active minor impulse wave 1. AUD/CAD is expected to rise to the next buy target at the next resistance level 0.9900 (which reversed earlier waves (a) and 4).
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USD/CAD trade is in profit
USD/CAD managed to advance further yesterday breaking above 1.21, reaching as high as 1.2128 earlier today, while our long signal that was issued at 1.2060 is now in profit with over +60 pips.
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