USDCAD has broken out of an ascending trendline and is currently rejecting, the previous support turned resistance, with multiple wicks on the 1hr chart
Price is also rejecting off a descending trendline.
However, there's a possibility that price may push up to one of the supply zone above & also touching the previous ascending trendline before coming back down
Price is also rejecting off a descending trendline.
However, there's a possibility that price may push up to one of the supply zone above & also touching the previous ascending trendline before coming back down
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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.