– 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
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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
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.