GBP/CAD broke combined resistance zone

GBP/CAD broke combined resistance zone

  • GBP/CAD broke combined resistance zone
  • Next buy target - 1.7490

GBP/CAD continues to rise inside the impulse waves 3 and (3) which previously broke trough the combined resistance zone lying between the resistance level 1.7150 and the 61.8% Fibonacci correction of the previous primary ABC correction ② from the start of May. GBP/USD is expected to rise toward the next buy target at the next resistance level 1.7490 (which reversed the previous correction 2 in June).


AUD/USD on its way to reach new highs

AUD/USD has been trading in a rebound made from the 200 SMA at H1 chart, which is helping to strengthen the bullish bias across the board and put the pair in the scenario to reach the Fibonacci zone of -23…


Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

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