USD/CAD analysis for May 29, 2023 – Broken support cluster
May 29, 2023 8:25 am
Technical analysis:
USD/CAD has been trading downside and I found the breakout of the support cluster at the price of 1.3590, which is good sign for the further downside movement.
Due to the breakout of the support cluster and the increasing in the downside movement, I see potential for the further lower prices towards downside references.
Downside objectives are set at 1.3540 and 1.3490
MACD is showing increasing of the downside momentum, which is good sign for the further lower prices….
Key resistance is set at the price of 1.3650
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
USD/CAD
has been trading downside
and I found the breakout of the support cluster at the price of
1.3590, which is good sign for the further downside movement.
Due
to the breakout of the support cluster and the increasing in the
downside movement, I see potential for the further lower prices
towards downside references.
Downside
objectives are set at 1.3540
and 1.3490
MACD
is showing increasing of the downside momentum, which is good sign
for the further lower prices….
Key
resistance is set at the price of 1.3650
The material has been provided by InstaForex Company – www.instaforex.com
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