USD/CAD broke key support level 1.2770

USD/CAD broke key support level 1.2770

  • USD/CAD broke key support level 1.2770
  • Next sell target - 1.2600

USD/CAD continues to fall sharply inside the minor impulse wave 5 which belongs to the strong intermediate downward impulse wave (3) from the start of June. The price earlier broke through the round support level 1.3000 and more recently – it broke through the key support level 1.2770 (low of the previous minor correction 2 from August of 2016). Both of these support breakouts strengthened the bearish pressure on this currency pair. USD/CAD is expected to fall to the next sell target at the next support level 1.2600.

cad

Similar

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...

gbp

Deposit with your local payment systems

Callback

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