USD/CAD Short Term
Updated
USD/CAD has been respecting the following support/resistance levels. Good chance of the pair bouncing back to support.
Comment
Price rose higher than expected due to strong US data and broke resistance several times however was not able to stay above it. With crude oil price rising and unexpected U.S crude oil inventory deficit today, the pair took a tumble down to support. Possible entry position to ride the pair back to resistance.
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.