Price holding Multi-month Support level
1.2690$ and Looking bullish
momentum near term. Combining advanced technical analysis
methods such as Fibonacci confluence
, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. USDCAD
is facing bullish
pressure, as the price has just broken above the descending trendline resistance. We could potentially see a bounce from our buy entry-level, in line with our 61.8% Fibonacci retracement
level 1.3126$ and LONG TERM 161.8% Fibonacci extension
level 1.3600$, and further rise up to our take profit levels which are in line with our horizontal swing high resistance levels.
hit multi months high 52.10$ and Pre-Civud levels, Overall world still facing uncertainty and lockdowns, Could send oil
again back to 40$ level due to low demand.If Oil
start correctio downside towards support 48$ 42$ and 38$ we could see USDCAD
bonus back to long term 1.3800$
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