Fundamentals of yesterday perfectly broke the 1.29 level. After the break there was a visible consolidation; during the US session this day we might see a move, with CAD GDP on the agenda.
If it moves below 1.2830, bearish outlook.
If it moves above 1.29, bullish outlook
Take a look at yesterdays USD/CAD setup:
If it moves below 1.2830, bearish outlook.
If it moves above 1.29, bullish outlook
Take a look at yesterdays USD/CAD setup:
Note
Testing the structure nowNote
Looks like its going bearishOrder cancelled
Fake breakout: The fundamental risk of CAD GDP pushed this up.
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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.