USD/CAD broke resistance zone

USD/CAD broke resistance zone

  • USD/CAD broke resistance zone
  • Next buy target - 1.3000

USD/CAD today broke the resistance zone lying between the resistance level 1.2770 (top of the previous minor correction 4), 38.2% Fibonacci correction of the previous extended downward price impulse from May. The breakout for this resistance zone was preceded by the breakout of the resistance level 1.2600 (top of the earlier corrective wave A and previous buy target). USD/CAD is expected to rise to the next buy target at the next round resistance level 1.3000.




EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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