USD/CAD: Bullish impulse is calling for a breakout
USDCAD is making a pretty strong rise after the Bank of Canada lowered rates by 25 basis points as expected this month. The price is now testing the major trend line resistance of higher degree triangle on the daily chart, connected from October 2022, and we are wondering if will breakout, which is certainly possible in a risk-off environment, with lower stocks and also lower crude oil.
Support on dips is at 1.3780
GH
Support on dips is at 1.3780
GH
Explore our services
👉wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
👉wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.