Get started
Hotsprit

USDCAD new channel: Short to 1.2690

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Hotsprit  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators USDCAD
3
1
trendanalysis chartpattern indicator usdcad
USDCAD has formed a new channel. We are close to resistance area and soon we can see a drop to support area which is around 1.2690 - 1.2710.

These days, market is unexpectedly volatile due to many breaking news and new covid-19 variant. Therefore, this idea can be violated easily depending on breaking news.
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.