- USDCAD broke support zone
- Likely to fall to support level 1.3800
USDCAD currency pair recently broke the support zone between the support level 1.4040 (which reversed the price sharply at the start of April, as can be seen below), 50% Fibonacci correction of the upward price move from September and the support trendline of the daily down channel from March.
The breakout of this support zone accelerated the active short-term impulse wave 3 – which belongs to intermediate impulse wave (C) from February.
USDCAD currency pair can be expected to fall to the next support level 1.3800, former monthly low from November.
- Likely to fall to support level 1.3800
USDCAD currency pair recently broke the support zone between the support level 1.4040 (which reversed the price sharply at the start of April, as can be seen below), 50% Fibonacci correction of the upward price move from September and the support trendline of the daily down channel from March.
The breakout of this support zone accelerated the active short-term impulse wave 3 – which belongs to intermediate impulse wave (C) from February.
USDCAD currency pair can be expected to fall to the next support level 1.3800, former monthly low from November.
By the FxPro Analyst Team
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Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。