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suhailpj

USDCAD Analysis - My 2nd Analysis

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
suhailpj  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators
3
0
trendanalysis chartpattern indicator
USDCAD broke out of head and shoulders with a strong impulse to the upside.

What next

  • I am expecting a retracement to the previous support level which is also the 0.382 fib level.

Lets wait to see if the support level is held. If yes we can expect more bullish action

Take note to follow fundamentals over the given period.
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