Get started
BlueberryMarkets

ANALYSIS: USDCAD BREAK OR BOUNCE?

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
BlueberryMarkets  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators Forex forextrading USDCAD usdindex EURUSD blueberrymarkets australia
5
2
trendanalysis chartpattern indicator forex forextrading usdcad usdindex eurusd blueberrymarkets australia
USDCAD is fastly approaching the key 1.3300 support level again as the price of oil continues to push higher.
With the USD at resistance, we could see price break below the key support. If we see this happen and the market
does close below, look for short opportunities on a lower timeframe at the resistance. With Oil close to resistance we could
also see this level hold with price action being the key here.
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.