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November 02, 2020 at 03:28PM
• USDCAD reversed from resistance zone
• Likely to fall to 1.3200
USDCAD continues to fall after the earlier downward reversal from the resistance zone lying between the resistance levels 1.3400, 1.3345, upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse C from June.
The downward reversal from this resistance zone stopped the earlier upward impulse waves 3 and (3).
USDCAD is likely to fall further toward the next support level 1.3200 (former resistance from the middle of October).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/usdcad-wave-analysis-02-november-2020-20201102/
Selected by fonecable.com
Search Web: USDCAD Wave Analysis 02 November, 2020
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