The pair is finding support at a previous pivot. MACD and signal have made a cross with RSI gradually exiting oversold zone. Volume for both currencies are high with CAD having slight edge.
TP as shown as chart. A MACD divergence may lead to support breach and SL to retest lower support.
Please comment with thoughts and ideas. Thank you.
TP as shown as chart. A MACD divergence may lead to support breach and SL to retest lower support.
Please comment with thoughts and ideas. Thank you.
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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.