USD/CAD broke key support level 1.2600

USD/CAD broke key support level 1.2600

  • USD/CAD broke key support level 1.2600
  • Next sell target - 1.2400

USD/CAD continues to fall after the latest breakout of the key support level 1.2600 (low of the previous intermediate corrective wave (B)). The breakout of this support level 1.2600 accelerated the active primary impulse wave ③ - which started earlier from the powerful resistance zone surrounding the key resistance level 1.2900. USD/CAD is expected to fall to the next sell target at the next support level 1.2400 (low of wave 4 from October).

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