đź’±USDCAD - A break in resistance gives momentum
USDCAD breaks the resistance of the ascending triangle and hits the key resistance. A pullback is possible after which the growth will continue
TA on the high timeframe:
1) After the correction a v-turn pattern is formed
2) global bullish trend, on the background of strengthening of the dollar index may continue to strengthen the currency pair.
TA on the low timeframe:
1) Prolonged consolidation in the triangle after the breakout of resistance pushes the price upwards
2) A test of resistance may be followed by a rebound to support
3) Growth may continue from the support
Key resistance: 1.37796
Key support: 1.3727
TA on the high timeframe:
1) After the correction a v-turn pattern is formed
2) global bullish trend, on the background of strengthening of the dollar index may continue to strengthen the currency pair.
TA on the low timeframe:
1) Prolonged consolidation in the triangle after the breakout of resistance pushes the price upwards
2) A test of resistance may be followed by a rebound to support
3) Growth may continue from the support
Key resistance: 1.37796
Key support: 1.3727
❤️ Telegram channel: t.me/AndeWave
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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.
❤️ Telegram channel: t.me/AndeWave
Related publications
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.