USD/CAD rising inside the minor impulse wave (iii)

USD/CAD rising inside the minor impulse wave (iii)

  • USD/CAD rising inside the minor impulse wave (iii)
  • Next buy target - 1.3130

 USD/CAD has been rising in the last few trading sessions inside the minor impulse wave (iii), which started earlier from the support zone lying between the key support level 1.2760 and the lower daily Bollinger Band. The active impulse wave (iii) belongs to the impulse 3 of the medium-term upward impulse (3) from April. USD/CAD is expected to rise further toward the next buy target at the next resistance level 1.3130 (high of the previous impulse wave (1)).

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