Given the favorable long - term setup, we still expect the rally to resume, with
key resistance ahead at $ 10,000 and $ 10,500, and strong support at $ 8400.
Not exact matches
Here are six
key reasons why the loonie could face further
resistance ahead.
Notice, this was only a 1R profit with the reason being, there was a
key resistance level coming into play before 2R would have been hit, so logic would dictate we exit
ahead of the
key level rather than hoping and praying price breaks through it.
Resistance is still
ahead near $ 0.65, with
key support at $ 0.35.
Several strong
resistance levels are
ahead below at $ 200, between $ 225 and $ 235, and $ 250, while
key support below $ 170 is between $ 140 and $ 150.
After a false break above bearish trend line
resistance last week, the pair has dropped back down to test
key support in the mid - 1.3000 s
ahead of tomorrow's high - impact U.S. data releases.
Further strong
resistance levels are
ahead near $ 240 and $ 280, while
key support is found at $ 175 and $ 150.
That said, the currency found support above the February lows, and although the declining trend is still intact long - term investors could accumulate the coin here, with
resistance ahead at $ 140, $ 150 and in the
key $ 170 - $ 180 zone.
Key support levels are at $ 3800, $ 3500, and $ 3150 while
resistance is
ahead at $ 4400.
This is a good example of an important part of your forex trading plan for the week
ahead, which is drawing in the
key levels of support and
resistance.
Key support levels are found at $ 6000, $ 5800, and $ 5400, while primary
resistance is
ahead at $ 7000.