USD/CAD is heading towards a price line of 1.3348 and could reach this point within the next 5 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current lines.
Related Posts
After testing 1.2442 numerous times, GBP/USD has finally broken through. Can we expect a bearish trend to follow?
The price of GBP/USD in heading in the direction of 1.2403. Despite the recent breakout through 1.2442 it…
A possible move by AUD/USD towards 0.6454
AUD/USD has broken through a resistance line of a Channel Down chart pattern. If this breakout holds true,…
Will USD/CHF break through the support level it tested before?
USD/CHF is about to retest a key horizontal support level near 0.9075. It has tested this level 3…