Hi Traders!
USDCAD has come a long way down since the 3-month trendline break, and there is a possibility that the pair is oversold.
Here are the details:
After the trendline break, the market had an aggressive push down and has looked to have consolidated around the 1.33498 level, which is now the support area. If there is a hold above here, the market is likely to pullback upwards.
Preferred Direction: Buy
Entry Level: 1.33900
Stop Level: 1.33410
Target Level: 1.34879
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
USDCAD has come a long way down since the 3-month trendline break, and there is a possibility that the pair is oversold.
Here are the details:
After the trendline break, the market had an aggressive push down and has looked to have consolidated around the 1.33498 level, which is now the support area. If there is a hold above here, the market is likely to pullback upwards.
Preferred Direction: Buy
Entry Level: 1.33900
Stop Level: 1.33410
Target Level: 1.34879
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
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JOIN OUR FREE TELEGRAM CHANNEL
t.me/bluetonaFX
t.me/bluetonaFX
Related publications
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.