USDCAD broke above 1.3119 resistance, suggesting that the upside movement from 1.2961 has resumed.
Further rally is possible in a couple of days and next target would be at 1.3250 area.
Support is at the bullish trend line on the 4-hour chart, only a break below the trend line could trigger another fall towards 1.2900.
Related Posts
Is The Debt Doom Loop Taking Down Stocks And The Economy?- 5 Solid Picks For Your Investment Basket This Easter Weekend
Is Copper Miner Freeport Mc-MoRan A Screaming Buy As It Reached Its Downside Target?- AUDUSD Daily Analysis – Wednesday, Nov. 15
- Will A New Quarter, Central Bank Detail, NFPs And G20 Charge Volatility?
- Chevron Sell-Off Continues With $1.1B Exit Of Canada Fuel Assets
Leave A Comment