TradingAlchemist

USDCAD❗Retest resistance level⚡

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
At the time of publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2370. Moving averages indicate a short-term bearish trend for the pair. Prices have broken down the area between the signal lines, indicating pressure from sellers and a potential continuation of the fall in the pair in the near future. At the moment, we should expect an attempt to develop a rise and test the resistance level of the 1.2455 area. Further, the rebound and the continuation of the fall of the currency pair on Forex. The potential target of such a movement is the area below the level of 1.2155.

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