Usdcaddaily
On his way to the resistance #USDCADA very interesting pattern of support and resistance was created with 3 support points and 3 resistance points, because of our proximity to the support line and the margin we have until reaching the resistance line we recommend buying
The bullish trend supports our model
Target: 1.4120
USDCAD potential bounce!
USDCAD expected to reverse up to 1st support at 1.39761 where it could potentially react and bounce to its resistance at 1st resistance at 1.43392.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD to climb from upside confirmation, potential bounce!
USDCAD to climb from its upside confirmation at 1.41655 where it could potentially bounce further to 1.42924.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD to climb from upside confirmation, potential bounce!
USDCAD to climb from its upside confirmation at 1.41655 where it could potentially bounce further to 1.42924.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD to climb from upside confirmation, potential bounce!
USDCAD to climb from its upside confirmation at 1.41658 where it could potentially bounce further to 1.42924.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD 4H - Price Action Testing Descending Wedge Resistance 📢USDCAD 4H - Attempted Breakout / Potential Rejection
📈Price levels are currently testing the overhead resistance of the visible descending wedge chart pattern at 1.40050 that's been playing out over the last 3 weeks.
📊A break to the up-side with give a reason for buy positions over the coming days and weeks as momentum builds in favour of the bulls.