USD/CAD Outlook - Is it actually recovering?
📍USD/CAD recovered after hitting the 1.3400 level and intraday bias is turned neutral first & currently trading above 1.3500.
On the upside, If break of 1.3600 the bias will be turned back to the upside for 1.3700 resistance first, and then a retest of 1.3976 high.
On the downside, If break of 1.3500 & sustains for at least two 4H candles it will resume the correction towards 1.3300 cluster support.
In between the levels 1.3500-1.3600, I see no such momentum which can give us a good side of profit.
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🟢 Stay Safe, StayTuned,Trade Safe.
Grace
On the upside, If break of 1.3600 the bias will be turned back to the upside for 1.3700 resistance first, and then a retest of 1.3976 high.
On the downside, If break of 1.3500 & sustains for at least two 4H candles it will resume the correction towards 1.3300 cluster support.
In between the levels 1.3500-1.3600, I see no such momentum which can give us a good side of profit.
🟢 If you have any questions please contact us via Private Message or Comment
🟢 Stay Safe, StayTuned,Trade Safe.
Grace
Trade closed: target reached:
**On the downside, If a break of 1.3500 & sustains for at least two 4H candles it will resume the correction towards 1.3300 cluster support**
We have made our fresh lows in USDCAD at 1.3300 discussed earlier.
Please follow & share.
We have made our fresh lows in USDCAD at 1.3300 discussed earlier.
Please follow & share.