USD/CAD Short term outlook

FX:USDCAD   U.S. Dollar / Canadian Dollar
312 2
Pattern Formed- Bearish BAT pattern

USD/CAD once again retreated after making high of 1.2625. Overall trend is bearish as long as resistance 1.2663 holds.

On the downside minor support is around 1.2540 and nay break below will target 1.2480/1.2420.

The pair’s break above the resistance 1.2663 could pave way for 1.2700/1.2795.

Recommendation: Sell USD/CAD around 1.2580, SL 1.2663, Targets 1.2480/1.2420.


Seems USDCAD is to break resistance at 1.2663!? Now do you see any reversal?
AbdullahAljohani shayalmathew
well, it didn't close above the resistance which makes it still valid!
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out