USD/CAD reversed from resistance zone

USD/CAD reversed from resistance zone

  • 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).

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