bibsz

usdcad quick long opp

Long
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Monthly ; strong absorption of supply around 1.332 for the retracement of HH. Don’t expect a break upside 1.47 on the longterm because of the strong absorption of demand around this level and the presence on considering supply in the red zone for after going in considelation under it.

Next target is 1.376
If bull momemtum remain strong expect rise to 1.3975 and reverse at 78 % of fib
Another possible entry for a buy around 1.3675
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.