After a long downwards movement, continuing from last analysis, USDCAD have been moving up sharply(observe the gradient of the drop/rise), it does resemble a V shape. It have been resisted around the 200MA last week with news adding pressure on the bulls.
There will be an trendline support which coincides with the other price support levels, watch that closely!
There will be an trendline support which coincides with the other price support levels, watch that closely!
Comment:
Approaching Resistance of Range Box
Comment:
Range Breakout, Strong Resistance got taken out like its non-existent.