USD/CAD forms a reversal
The USD/CAD pair, after the forming the “double top” pattern, has begun to decline, calling into question the weekly upward dynamics. A break of significant support at 1.3240-20 will indicate a resumption of the monthly downtrend and will open the way to support levels: 1.3150 and 1.3100. Significant resistance is at the levels: 1.3300 and 1.3330, the update of which calls into question the monthly downtrend.
Read also: “Swiss franc (CHF) – features of trading on cross-rates”
Hanzenko Anton
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