USD/CAD broke key resistance level 1.3000

USD/CAD broke key resistance level 1.3000

  • USD/CAD broke key resistance level 1.3000
  • Next buy target - 1.3200

 USD/CAD recently broke through the key round resistance level 1.3000 (which stopped the earlier minor impulse wave (i) earlier this month, as can be seen from the daily USD/CAD chart below). The breakout of the resistance level 1.3000 accelerated the active minor impulse wave 3. USD/CAD is likely to rise toward the next buy target at the next resistance level 1.3200 (forecast price for the completion of the active impulse wave 3).

cad

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