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April 20, 2021 at 04:09PM
• USDCAD reversed from support level 1.2475
• Likely to rise to resistance level 1.2600
USDCAD recently reversed up from the pivotal support level 1.2475 (which has been reversing the price for the last few trading sessions) – strengthened by the lower daily Bollinger Band.
The upward reversal from the support level 1.2475 created the daily Hammer – stopping the previous wave (ii).
USDCAD is likely to rise further toward the next resistance level 1.2600 (which has been reversing the price from start of April).
From: The FxPro News Team https://fxpro.news/technical-analysis/usdcad-wave-analysis-20-april-2021-20210420/
Selected by fonecable.com
Search Web: USDCAD Wave Analysis 20 April, 2021
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