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Richie242

UCAD Counter Trend Buys

U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Richie242  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Support and Resistance Fibonacci Multiple Time Frame Analysis usdcadanalysis
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supportandresistance fibonacci mtfa usdcadanalysis
Trend - Downtrend

Recent Key Level - 1.30000 (Previous support turned resistance) & 1.27000 (New support)

Bearish momentum has been slowing down which could be an indication that price will begin a retracement. Will need to see a break and retest of resistance on LTF, followed by a Bullish Daily candle close for confirmation.
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