– 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
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。