USDCAD- 23Mar2022
USDCAD- 23Mar2022
On the daily, price broke below 200MA + ascending trendline though w/o any confirmation yet. With daily Stochastic oversold and at support, we could expect a short-term bounce for USDCAD.
On the H4, price is still at confluence Fib support around 1.25915. It is oversold and due for a short term bounce. With H4 Stochastic indicating negative bullish divergence, we could expect USDCAD to have a short-term bounce to at least 1st Resistance at 1.26520.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price broke below 200MA + ascending trendline though w/o any confirmation yet. With daily Stochastic oversold and at support, we could expect a short-term bounce for USDCAD.
On the H4, price is still at confluence Fib support around 1.25915. It is oversold and due for a short term bounce. With H4 Stochastic indicating negative bullish divergence, we could expect USDCAD to have a short-term bounce to at least 1st Resistance at 1.26520.
This is for personal record purposes only, not financial advise or solicitation of trade.
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