USD/CAD Short Trade
USDCAD began the week slightly higher reaching as high as 1.2510 but failed to sustain these gains.
USD/CAD reached sell target 1.2600
2019-11-11 • Updated
- USD/CAD reached sell target 1.2600
- Next sell target - 1.2400
USD/CAD has been falling sharply in the last few trading sessions after the recent breakout of the support level 1.2600 (which was set as the sell target in our previous forecast for this currency pair). The breakout of the support level 1.2600 accelerated the already sharp intermediate downward impulse wave (3) from June – which belongs to the primary downward impulse wave Ⓒ from the start of May. USD/CAD is expected to fall to the next sell target at the next support level 1.2400 (target price for the completion of the active wave (3)).
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