Canadian Dollar is the strongest major currency against US Dollar. USDCAD just broke its Down Trend Line.
In short term view, USDCAD rebound or consolidate in 1.2360-1.2900 area.
Break and hold above 1.2900 open the way to:
1.3780 is its strongest Resistance and while below this level: its medium term outlook still bearish.
🇺🇸 USDCAD Setup / Analysis
🕐 4hr's / Daily / Chart
🗒 Just browsing through my analysis means a lot to me.
➡️ Please follow the analysis very carefully and every detail of the chart means a lot. And always entry depends on many reasons carefully studied
Always enter into deals when there are more than 5 reasons
Today I am highlighting possible trade ares on USDCAD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
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Good evening everyone, I have broken down in this video my confirmations and reasons for taking both of the trades. Students, i will be following up this breakdown and forecast tomorrow.
I hope you all fount this video insightful and helpful.
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USD/CAD is testing the 1.3500 support level. We could look for long entry signals with a tight stop loss below the support. If support doesn't hold, price may continue dropping all the way to 1.3331, that is 165 pips!