The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
GBP/CAD broke resistance level 1.7540
- GBP/CAD broke resistance level 1.7540
- Next buy target - 1.8000
GBP/CAD has been rising sharply in the last few trading sessions inside the minor accelerated impulse wave 3, which belongs to the intermediate (C)-wave from the start of April. The price earlier broke through the three consecutive resistance levels: 1.7100, 1.7240 (two previous buy targets) and 1.7540 (which reversed the previous waves 4 and (2))
GBP/CAD is expected to rise to the next buy target at the next resistance level 1.8000 (former key support level from June). Buy stop-loss can be placed below 1.7540.
USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
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