CAD has been strong against USD, however this currency pair found resistance at 1.25. Hence, the currency pair is likely to bounce off this level and turn to the upside, supported by positive divergence seen on daily Stochastic. However, the upside movement could be a short term pullback as the selling pressure is still strong.
Disclaimer: For technical analysis education purposes only. I don't trade FX
Disclaimer: For technical analysis education purposes only. I don't trade FX
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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.