U.S. Dollar / Canadian Dollar
Updated

USDCAD 4H

123
Price still ranging within channel, waiting for a break either direction as DXY (Dollar index) is breaking out higher. Could see a break to the upside & would need to see a retest after, or breakout of the 4 hour channel back down to its recent low.. Patience..!
Note
Daily View:
snapshot
Note
snapshot
Note
breakout & retest occurred
snapshot
Note
first target 1.25000 resistance
Note
90 pips up, price now in a uptrend making higher highs & lows, after breaking out of downtrend line.
snapshot
Note
Take profit 1 hit, 140 pips secured.. : )

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.