– USDCAD reversed from resistance zone
– Likely to fall to support level 1.4125
USDCAD currency pair recently reversed down from the resistance zone between the strong resistance level 1.4260 (which stopped wave i at the end of June) and the upper daily Bollinger Band.
The downward reversal from this resistance zone stopped the earlier sharp upward impulse wave iii from the start of September.
Given the strength of the resistance level 1.4260 and the overbought daily Stochastic oscillator, USDCAD currency pair can be expected to fall further toward the next support level 1.4125 – former resistance from the end of July.
By the FxPro Analyst Team
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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。