After USDCAD broke out of a 3 month channel, price has been slowly appreciating.
USDCAD has mainly been pulling back this week after a second wave of appreciation.
Price has came back down and found support on newly formed trendline on Friday.
Next week, should this support on trendline hold, we could look to continue buying USDCAD back to next resistance level at previous head and shoulder pattern.
USDCAD has mainly been pulling back this week after a second wave of appreciation.
Price has came back down and found support on newly formed trendline on Friday.
Next week, should this support on trendline hold, we could look to continue buying USDCAD back to next resistance level at previous head and shoulder pattern.
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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.
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.