FxPro - Analytics

FxPro

715.75 6.25/10
90% of positive reviews
Real

USDCAD reversed from support area - 15 March, 2019

  • USDCAD reversed from support area
  • Further gains are likely

USDCAD recently reversed up from the support area lying between the key support level 1.3320 (former strong resistance from February) and the 38.2% Fibonacci correction of the previous upward impulse from February.

The upward reversal from this support area completed the previous short-term correction (ii).

USDCAD is expected to rise further in the active impulse wave (ii) and re-test the next resistance level 1.3470 (top of the previous impulse wave (i)).

1552664164

Source: FxPro


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree