Since May, 1.3050-1.31 is acting as resistance for UsdCad with the pair reversing every time after touching this zone.
However, bulls regain control every time putting in higher lows on our chart giving the impression of pressing to the upside.
I expect a break above this zone in the medium term and a rise to the next important level at 1.35
However, bulls regain control every time putting in higher lows on our chart giving the impression of pressing to the upside.
I expect a break above this zone in the medium term and a rise to the next important level at 1.35
Note
And up we broke
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.