USDCAD has risen up towards the ceiling of the falling trend channel.
A continued raise may be expected and the current price level may be a good entry price above the 1.25.
Has had a strong fall after the negative signal from a rectangle formation at the break down through the support at 1.32.
The objective at 1.25 is now met, further development in the same direction. could trigger the 1.28
The currency has resistance at points 1.28.
The currency is overall assessed as technically positive for the medium long term.
A continued raise may be expected and the current price level may be a good entry price above the 1.25.
Has had a strong fall after the negative signal from a rectangle formation at the break down through the support at 1.32.
The objective at 1.25 is now met, further development in the same direction. could trigger the 1.28
The currency has resistance at points 1.28.
The currency is overall assessed as technically positive for the medium long term.
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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.
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.