USDCAD🇺🇸🇨🇦 to bounce from the Support Long

USD/CADOANDA

Description

⋅ Jan 15, 2021 8:37 AM

USDCAD🇺🇸🇨🇦 is bouncing from the support zone. Not surprisingly taking into account the Fed's Chairman Jerome Powell's words that "interest rates would not rise any time soon" (investing.com/news/forex-news/dollar-rebound-falters-as-feds-powell-strikes-dovish-tone-2390025).

Elaborating further from the technical perspective we see that the 10&20 EMA are turning upward altogether with the upcoming swing at the ROC 9 , thus it is a good time to long from here.

Comments

InkyGrip

⋅ Jan 15, 2021 11:58 AM

Great set up dude!

TheSignalyst

⋅ Jan 15, 2021 8:51 AM

Good call Alexander. Keep it up gentleman

Alexander_Harford

⋅ Jan 15, 2021 8:58 AM

@TheSignalyst, Thank you , man!