USD/CAD trades strongly above the 1.3800 mark ahead of the US GDP data

USD/CAD trades strongly above the 1.3800 mark ahead of the US GDP data

Sentiment is: Positive

Technical Analysis

USD/CAD has broken through a resistance line. It has touched this line numerous times in the last 22 days. This breakout shows a potential move to 1.3827 within the next 3 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.

USD/CAD broke through important 1.3746 price line

Want to get full Autochartist Access including the Autochartist Market Scanner for MetaTrader, Market Report Emails,
Autochartist Mobile App, and the full Autochartist Web App?
Subscribe here: ChartViper Subscriptions
Join us on Telegram

Tags: , , , ,