As seen on the chart...
After breakout of downward trendline the price tested 1.30 levels for second time.
If we consider DXY's last movement, which is almost above a decades support line and also RSI and MACD levels are at the buy zone.
In my perception it means USDCAD is ready to head up.
Be careful about support(blue) zone. And consider the last gap.
S.1: 1.2954
S.2: 1.2779
S.3: 1.2518
R.1: 1.3415
R.2: 1.3616
R.3: 1.4667
..........................................................................
Disclaimer: The given information on the chart and comments are not a Financial Advice.
You can loose your money. Be carefull abaut your risk assessment...!!!
..........................................................................
After breakout of downward trendline the price tested 1.30 levels for second time.
If we consider DXY's last movement, which is almost above a decades support line and also RSI and MACD levels are at the buy zone.
In my perception it means USDCAD is ready to head up.
Be careful about support(blue) zone. And consider the last gap.
S.1: 1.2954
S.2: 1.2779
S.3: 1.2518
R.1: 1.3415
R.2: 1.3616
R.3: 1.4667
..........................................................................
Disclaimer: The given information on the chart and comments are not a Financial Advice.
You can loose your money. Be carefull abaut your risk assessment...!!!
..........................................................................
