0
0
May 19, 2021 at 04:01PM
• USDCAD reversed from support level 1.2050
• Likely to rise to resistance level 1.2200
USDCAD currency pair recently reversed up from the support level 1.2050 (which stopped the previous minor impulse wave 1 from the start of May).
The upward reversal from the support level 1.2050 stopped the previous impulse waves 3 and (5).
Given the bullish divergence on the daily Stochastic indicator – USDCAD is likely to rise toward the next resistance level 1.2200 (top of the previous minor correction 2).
From: The FxPro News Team https://fxpro.news/technical-analysis/usdcad-wave-analysis-19-may-2021-20210519/
Selected by fonecable.com
Search Web: USDCAD Wave Analysis 19 May, 2021
Recent Posts
- Crude Oil Over Crypto
- US Dollar Price Action Setups pre-CPI: EUR/USD, GBP/USD, USD/JPY
- Cathie Wood & Ark: Insiders Aren’t Buying the Hype
- Breaking News: ECB Holds Rates, Setting up July and September for Fireworks
- Currency Carry Trade: What is it and how does it work?
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
