USDCAD Will Go Higher From Support! Buy!

Here is our detailed technical review for USDCAD.

Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The price is testing a key support 1.340.

Considering the today's price action, probabilities will be high to see a movement to 1.351.

P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.

Like and subscribe and comment my ideas if you enjoy them!