USDCAD Range Trading: Key Support and Resistance Levels
USDCAD Range Trading: Key Support and Resistance Levels
In the daily chart, USDCAD is developing a large range trading pattern, where the price has been oscillating within this range for the past 50 days.
The current support zone has been tested multiple times, leading to subsequent upward movements.
Despite recent price weakness, it is possible that the support zone may prompt a price reaction once again. Watch for potential reversal signs that indicate a change in the current trend.
Key Resistance Zones:
1.4345
1.4395
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. This helps me cover the cost of providing regular insights.
In the daily chart, USDCAD is developing a large range trading pattern, where the price has been oscillating within this range for the past 50 days.
The current support zone has been tested multiple times, leading to subsequent upward movements.
Despite recent price weakness, it is possible that the support zone may prompt a price reaction once again. Watch for potential reversal signs that indicate a change in the current trend.
Key Resistance Zones:
1.4345
1.4395
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. This helps me cover the cost of providing regular insights.
Trade active
USDCAD - target 1 reached
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.