Personally I would not trade this but use it as more confirmation for my other positions on GBPUSD , EURUSD , and NZDUSD .
1) Pair pushing into previous resistance which will most likely act as support
2) Perfect 1 to 1 measured move into this support
3) RSI divergence showing weak bear push
4) 1.272 Fibonacci extension landing perfectly in this zone
Personally I don't have a clear idea about the long term destinations of this pair so I would precede with caution.
USDCAD
1) Pair pushing into previous resistance which will most likely act as support
2) Perfect 1 to 1 measured move into this support
3) RSI divergence showing weak bear push
4) 1.272 Fibonacci extension landing perfectly in this zone
Personally I don't have a clear idea about the long term destinations of this pair so I would precede with caution.
USDCAD
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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.