Position Formation - 4hr Interval - USDCAD

OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Hello Everyone,

The currency pair ( USDCAD ) throughout the past week consolidated and then gained traction towards a downward ( bearish ) identity. A reversal or further consolidation may be imminent. Be cautious and let market action take place ( Support Level 1 or Resistance 1).

Resistance Level 1 - (1.34680 - 1.34730) 50 pip interval

Blue Horizontal Line - (1.33200 -1.33250) 50 pip interval

Support Level 1 - (1.32430 - 1.32480) 50 pip interval

Support Level 2 - (1.31100 - 1.31150) 50 pip interval

Not Investment Advice. For Educational and Analytical Purposes Only. (Be Aware and Stick To Your Plan)***

Comment: Price Rejected At KPZ (Key Price Zone) - Further Downward (Bearish) Momentum Appears To Be Taking Place.

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