USD/CAD broke pivotal support level 1.3260

USD/CAD broke pivotal support level 1.3260

  • USD/CAD broke pivotal support level 1.3260
  • Next sell target - 1.3150

USD/CAD has been falling sharply in the last few trading sessions inside the C-wave of the minor ABC correction 2 from the start of May. The price earlier broke the support trendline of the daily up channel from February – which accelerated the active C-wave. The price today broke below the pivotal support level 1.3260 (which has been reversing the price from March). USD/CAD is expected to fall to the next sell target at the next support level 1.3150.

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