USDCAD Bounce level Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Jan 29, 2024 12:24 PM

I am waiting for a retrace on USDCAD. After the break and retest of major trendline, i think we will see a sell pressure till the buy zone in the 1.334-1.336 area. This is a good bounce point targeting the 4Hr resistance at 1.3475