Overall view of USDCAD - Update of June 24th week
Updated
The support zone earlier tested multiple times was finally broken acknowledging the bearish trend. Prices are heading to settled on a new support zone containing the low of the year @1.30680.
Possible targets: @1.31000 (+80pips) and @1.30000 (+180 pips).
Advice: Stay bearish and sell at any high point while we don't reach back 1.33000 top level.
Possible targets: @1.31000 (+80pips) and @1.30000 (+180 pips).
Advice: Stay bearish and sell at any high point while we don't reach back 1.33000 top level.
Comment
The trend is bearish and prices slightly reject on @1.31500 level. A downward break would considerably increase chances to reach our target. Remain bearish and sell high points.Comment
We are closer to the target, you can now put your trades at breakeven.Trade closed: target reached
Target tested. Nice and decent trade.Comment
Target 2 reached. Great opportunity market gave here.
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