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).




Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

USD/JPY: bullish "Doji"

We’ve got a pullback from the lower “Window”, so there’s a bullish “Doji”, which has been confirmed .


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