USD/CAD reached buy target 1.3600

USD/CAD reached buy target 1.3600

  • USD/CAD reached buy target 1.3600
  • Next buy target - 1.3800

USD/CAD has been under bullish pressure lately – after the earlier breakout of the powerful resistance level 1.3600 (which reversed the previous waves 3 and (A) and which was set as the buy target in our previous forecast for this currency pair). The breakout of the resistance level 1.3600 accelerated the active impulse waves 3 and (C) – which belong to the primary Ⓑ-wave from last year.

USD/CAD is expected to rise to the next buy target at the next resistance level 1.3800 (target price for the completion of the active minor impulse wave 3).




Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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