USD/CAD: buy target - 1.4000
By: Dmitriy Chernovolov
- USD/CAD reached buy targets levels 1.3600 and 1.3800
- Next buy target - 1.4000
USD/CAD has been rising steadily in the last few trading sessions– reaching the resistance levels 1.3600 and 1.3800, both of which were set in our previous forecast as the buy targets for this currency pair. The breakout of the resistance level 1.3800 is likely to accelerate the active impulse 5 of the intermediate impulse wave (3) from the end of November.
USD/CAD is likely to rise further toward the next buy target at the round resistance level 1.4000 (target price for the completion of the active impulse wave (3) and the measured price forecast for the earlier breakout of the daily Triangle from September).