USD/CAD: buy target 1.3300
By: Dmitriy Chernovolov
- USD/CAD reached buy target 1.3100
- Next buy target 1.3300
USD/CAD has been rising strongly in the last few trading sessions - breaking through the resistance level 1.3100, which was set as the buy target in our previous forecast for this currency pair. The breakout of this resistance level accelerated the active minor impulse wave 3 – which started recently – when the price reversed up from support zone surrounding the pivotal support level 1.2850 (as can be seen below).
USD/CAD is currently approaching the resistance level 1.3200. If the price breaks this resistance level - USD/CAD can then rise further to the next buy target at the next resistance level1.3300.