SAXO:USDCAD   U.S. Dollar / Canadian Dollar
The pair is still in a downtrend and will probably decline to the bottom of the channel due to the oil price rally and crossing the short-term range. After that, if Dollar strengthens, buyers expect the price to reach to the upper edge of the channel. Meanwhile, the 4-hours trend line will show not much strong resistance.

Related Ideas

Comments

keep it up,, it was an excellent analysis
Reply
if we will break your red support, at the point I definitely see a move lower to test the low of the channel as well, great job
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter