- USDCAD reversed from support area
- Likely to rise to resistance level 1.3900l
USDCAD currency pair recently reversed from the support area between the pivotal support level 1.3715 (which has been reversing the price from the start of August) and the lower daily Bollinger Band.
This support area was further strengthened by the support trendline of the daily up channel from July and by the 61.8% Fibonacci correction of the upward impulse from July.
USDCAD currency pair can be expected to rise further in the active impulse wave 3 toward the next resistance level 1.3900.
- Likely to rise to resistance level 1.3900l
USDCAD currency pair recently reversed from the support area between the pivotal support level 1.3715 (which has been reversing the price from the start of August) and the lower daily Bollinger Band.
This support area was further strengthened by the support trendline of the daily up channel from July and by the 61.8% Fibonacci correction of the upward impulse from July.
USDCAD currency pair can be expected to rise further in the active impulse wave 3 toward the next resistance level 1.3900.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.