Google is going up. When are we to expect full recovery? This short technical analysis will give you some clues where to look at.
USD/CAD reversed from support zone
- USD/CAD reversed from support zone
- Next buy target - 1.3300
USD/CAD recently reversed up from the support zone lying between the support level 1.3070 (former resistance from March), lower daily Bollinger Band, 50-day moving average and the 38.2% Fibonacci correction of the previous upward impulse (1) from the middle of April. The upward reversal from this support zone started the active impulse wave (3). USD/CAD is expected to rise further toward the next buy target at the next resistance level 1.3300.
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