Austinet24

USDCAD BULLISH SETUP

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
USD/CAD Intraday Bullish

Pivot point: 1.3310

Resistance level 1: 1.3336 Resistance level 2: 1.3372 Resistance level 3: 1.3398

Support level 1: 1.3274 Support level 2: 1.3248 Support level 3: 1.3212

USDCAD stalled with the pair consolidating sideways for now. For future trading references, if the pair retreats to 1.3274 may be broken and we may see the pair plummet towards the 1.3248 region. For a bullish trend to emerge, the resistance of 1.3336 could be broken which can take the pair higher and to 1.3372.

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