FX:USDCAD U.S. Dollar/Canadian Dollar
The USDCAD pair bounced slightly during the course of the day on Monday, using the 1.3050 level as support. At this point in time, the market is looking . The primary trend of USDCAD is on charts and price is trading below its Resistance in its 4 hourly chart. In its the price is sustaining above 200 day that are appears on the above image indicating uptrend of the pair. It is having an important resistance at the level of 1.3141 Support at the level of 1.3050. If it breaks its on the upside and sustains above it then we can expect it to show further movement in the pair.
is sustaining in its positive territory indicating the in the pair.
is sustaining in its buying zone indicating the upcoming positive trend in the pair.
USDCAD is looking on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.
Thank you guys for all your support, I am humbled to be apart of such an amazing community - your likes and comments are appreciated, and best of luck!