arongroups

What is the possible scenario ahead for the USD/CAD?

Long
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
By examining the trend in the four-hour time frame, the USD/CAD is involved in the resistance of 1.3584, and provided that it is maintained, it is possible to reduce the price to the very important support of the bottom of the ascending channel in the range of 1.3503, and then, provided that the said support remains high, The rate can increase up to the channel ceiling resistance in the range of 1.3660.

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.