Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
USD/CAD reversed from resistance zone
2019-11-11 • Updated
- USD/CAD reversed from resistance zone
- Next sell target - 1.2600
USD/CAD recently reversed down sharply from the resistance zone lying between the strong resistance level 1.2900 (which reversed the previous intermediate impulse wave (1) at the end of October), 50% Fibonacci correction of the previous downward impulse from May and the upper daily Bollinger Band. USD/CAD is expected to fall to the next sell target at the next support level 1.2600 (previous resistance level from October).
USDCAD began the week slightly higher reaching as high as 1.2510 but failed to sustain these gains.
GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.
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