EUR/USD: 144 Moving Average acted as resistance
We're likely going to have a local downward correction towards the 34 Moving Average. The following pullback from this line could lead to...
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.
Dmitry Chernovolov
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