USD/CAD broke key support level 1.2420

USD/CAD broke key support level 1.2420

  • USD/CAD broke key support level 1.2420
  • Next sell target - 1.2100

USD/CAD continues to fall strongly after the earlier breakout of the key support level 1.2420 (which stopped the previous sharp impulse wave (1) and which was set as the sell target in our earlier forecast for this currency pair). The breakout of the support level 1.2420 accelerated the active minor impulse wave 3 – which started earlier from the resistance trendline of the daily down channel from the middle of May. USD/CAD is expected to fall to next sell target at the next support level 1.2100 (forecast price for the completion of the active impulse wave 3).



Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera