USD/CAD Short Trade
USDCAD began the week slightly higher reaching as high as 1.2510 but failed to sustain these gains.
NZD/CAD broke combined resistance area
2019-11-11 • Updated
- NZD/CAD broke combined resistance area
- Next buy targets - 0.9110 and 0.9200
NZD/CAD continues to rise inside the minor corrective wave 4, which earlier broke combined the resistance area lying between the pivotal resistance level 0.8980 (which stopped the earlier correction (iv) at the start of September), resistance trendline of the daily down channel from June and the 50% Fibonacci correction of the previous minor impulse wave 3 from July. NZD/CAD is expected to rise to the next buy targets at the next resistance levels 0.9110 and 0.9200.
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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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