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USD/CAD reached buy target 1.3600

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  • USD/CAD reached buy target 1.3600
  • Next buy target - 1.3800

USD/CAD has been under bullish pressure lately – after the earlier breakout of the powerful resistance level 1.3600 (which reversed the previous waves 3 and (A) and which was set as the buy target in our previous forecast for this currency pair). The breakout of the resistance level 1.3600 accelerated the active impulse waves 3 and (C) – which belong to the primary Ⓑ-wave from last year.

USD/CAD is expected to rise to the next buy target at the next resistance level 1.3800 (target price for the completion of the active minor impulse wave 3).

 

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