5PMTrader

USDCAD - Looks ready for a bullish move

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
usd
Price closed below a support level yesterday but immediately snapped back above it.

Looks like price has created a nice little trading range and if today's move suggest any bullishness, we could see price heading towards the resistance zone as marked on the chart.

Let's see if this holds true :)

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.