USDCAD - Weekly forecast, Technical Analysis & Trading Ideas
Midterm forecast:
Technical analysis:
Supports and Resistances:
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- 1.39318 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
- While the RSI support #1 at 47 is not broken, the probability of price decrease would be too low.
- A trough is formed in daily chart at 1.34185 on 09/25/2024, so more gains to resistance(s) 1.44670, 1.46000, 1.46900 and more heights is expected.
Supports and Resistances:
- 1.46900
- 1.46000
- 1.38884
- 1.38168
- 1.37487
- 1.36876
- 1.36072
- 1.35404
- 1.34323
- 1.33664
- 1.31816
- 1.30929
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Disclaimer
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