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DeGRAM
Apr 8, 2024 11:01 AM

DeGRAM | USDCAD dynamic resistance breakout Long

U.S. Dollar/Canadian DollarFXCM

Description

USDCAD has reached the retracement level of 78.6%.

The price broke through the level of dynamic resistance, which will now act as support.

The chart worked out the growth of the previously formed harmonic pattern "Bat".

We expect a retest of the nearest level followed by a rebound from it.


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Comments
DeGRAM
Good luck in the markets and have a great trading week!
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