USDCAD: Support becoming resistance?
Updated
Over the past 6 months price has been trying to go below 1.36. It took 4 times to break it. Then it did with full force and has now come back up into this same area.
Expecting this to be an essential resistance area.
Initial target would be 1.35200, but would not be surprised if we break the big trendline as we had pretty strong bearish momentum last month.
Expecting this to be an essential resistance area.
Initial target would be 1.35200, but would not be surprised if we break the big trendline as we had pretty strong bearish momentum last month.
Trade closed: target reached
1.35200
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