- The pair extends gains above 200-DMA
- Breaks above major trendline resistance at 0.9540
- RSI above 50, bias higher
- Stochs sharply higher, momentum bullish
What Watch:
- Monthly New Housing Price Index (NHPI) from Canada
- Speech from Bank of Canada’s (BOC) governing council member Carolyn Wilkins at the World Bank’s panel discussion.
Support levels - 0.9537 (trendline), 0.9518 (5-DMA), 0.9497 (200-DMA)
Resistance levels - 0.9586 (61.8% Fib), 0.96, 0.9631 (Dec 31 2018 high)
Stay long on dips, SL: 0.9510, TP: 0.9585/ 0.96/ 0.9630
- Breaks above major trendline resistance at 0.9540
- RSI above 50, bias higher
- Stochs sharply higher, momentum bullish
What Watch:
- Monthly New Housing Price Index (NHPI) from Canada
- Speech from Bank of Canada’s (BOC) governing council member Carolyn Wilkins at the World Bank’s panel discussion.
Support levels - 0.9537 (trendline), 0.9518 (5-DMA), 0.9497 (200-DMA)
Resistance levels - 0.9586 (61.8% Fib), 0.96, 0.9631 (Dec 31 2018 high)
Stay long on dips, SL: 0.9510, TP: 0.9585/ 0.96/ 0.9630
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.