USD/CAD broke resistance level 1.3000

USD/CAD broke resistance level 1.3000

2019-11-11 • Updated

  • USD/CAD broke resistance level 1.3000
  • Next buy target - 1.3130

 USD/CAD continues to rise after the earlier breakout of the powerful resistance level 1.3000 (which has been steadily reversing the price from the end of May, as can be seen below). The breakout of this resistance level accelerated the active minor impulse wave 3, which belongs to the medium-term upward impulse wave (3) from last month. USD/CAD is expected to rise further toward the next buy target at the next resistance level 1.3130 (multi-month high from March).

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