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ThinkingAntsOk
Jul 24, 2019 12:41 PM

"USDCAD: two possible scenarios" by ThinkingAntsOk 

U.S. Dollar/Canadian DollarFXCM

Description

Daily Chart Explanation:

- Price was on an Ascending Channel since September '17 and broke it.
- Price is, now, facing the Weekly Ascending Trendline.
- From here, two possible scenarios:
* Long View: a Pullback to the Ascending Channel before going down.
* Short View: if price breaks the Weekly Ascending Trendline, potential to move down towards the Support Zones at 1.2858 and 1.2308.

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