Australian Dollar/Canadian Dollar
Long
Updated

Ready for Bounce

47
USDCAD

Personally I would not trade this but use it as more confirmation for my other positions on GBPUSD, EURUSD, and NZDUSD.

1) Pair pushing into previous resistance which will most likely act as support
2) Perfect 1 to 1 measured move into this support
3) RSI divergence showing weak bear push
4) 1.272 Fibonacci extension landing perfectly in this zone

Personally I don't have a clear idea about the long term destinations of this pair so I would precede with caution.
Note
my dumbass posted the wrong chart. check out USDCAD

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.