USD/CAD reversed from resistance zone
- USD/CAD reversed from resistance zone
- Next sell target - 1.2830
USD/CAD continues to fall inside the minor impulse wave 3 – which started earlier - when the pair reversed down from the resistance zone lying between the pivotal resistance level 1.3120 (which has been reversing the price from the middle of May), upper daily Bollinger Band and the 50% Fibonacci correction of the previous sharp downward impulse from February.
USD/CAD is likely to fall further to the next sell target at the support level 1.2830 (which stopped the previous minor (b)-wave at the start of July, as can be seen below).