USDCAD HAS RECENTLY BROKEN OUT OF A BEARISH FLAG PATTERN AND LOOKS TO CONTINUE ITS MOVE LOWER.
1.3300 REMAINS A KEY RESISTANCE ZONE WITH A DAILY 38.2 FIBONACCI RETRACEMENT CONFLUENCE.
IF PRICE CAN PUSH BACK INTO THAT LEVEL AND FORM BEARISH PRICE ACTION WE SHOULD SEE USDCAD HEAD
LOWER TOWARDS THE NEXT MAJOR SUPPORT.
1.3300 REMAINS A KEY RESISTANCE ZONE WITH A DAILY 38.2 FIBONACCI RETRACEMENT CONFLUENCE.
IF PRICE CAN PUSH BACK INTO THAT LEVEL AND FORM BEARISH PRICE ACTION WE SHOULD SEE USDCAD HEAD
LOWER TOWARDS THE NEXT MAJOR SUPPORT.
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.