USDCAD potential trend reversal
- Price is rejecting the support zone and hitting a low which only been touched/tested on the 2nd of February 2019.
- The bar formed by the price looks like a signal of a trend reversal
- If the price didn't manage to break the support zone, I'm projecting the price will go up to R3 level.
- But if it managed to break the support zone, it may went down until 1.3000 level.
Watch the support zone closely as it is a strong zone. Price only touched the zone last 4 months.
- The bar formed by the price looks like a signal of a trend reversal
- If the price didn't manage to break the support zone, I'm projecting the price will go up to R3 level.
- But if it managed to break the support zone, it may went down until 1.3000 level.
Watch the support zone closely as it is a strong zone. Price only touched the zone last 4 months.
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.