USD/CAD reversed from support zone

USD/CAD reversed from support zone

  • USD/CAD reversed from support zone
  • Next buy target  - 1.3500

USD/CAD recently reversed up from support zone lying between the support level 1.3270 the upper trendline of the recently broken up channel from April (acting as support after it was broken previously). The upward reversal from this support zone started the active minor impulse wave (iv) – which belongs to the primary impulse waves 3 and (3). USD/CAD is expected to rise further toward the next buy target at the next resistance level 1.3500 (target for completion of wave (3)).

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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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