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U.S. Dollar / Canadian Dollar
Long
Updated

USDCAD DAILY

194
Downtrend broken, this could be the start of a bigger picture bullish trend we have for this pair. Next Supply zone to look out for is the 1.29100 area, where I will look for a break above that zone or a rejection for a pullback to create a higher low, so price can build some momentum & break to the upside!
Note
snapshot supply area reached, last daily candle looks to be a shooting star rejection to a strong level, CAD data in the morning this should be interesting to see if fundamentals will match with technical analysis
Profound_Ambition
breakoutcaddollarnewtrendreversalSupply and DemandSupply ZoneSupport and ResistanceswingtradeTrend AnalysisUSDCADDJ FXCM Index

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breakoutcaddollarnewtrendreversalSupply and DemandSupply ZoneSupport and ResistanceswingtradeTrend AnalysisUSDCADDJ FXCM Index
Profound_Ambition

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.