Possible Alternatives for the USDCAD
The USDCAD is clearly showing an uptrend for both the Monthly and the Weekly. However right now after an initial breakout at the start of the year it has pulled back abit and somewhat consolidating The green line shows the uptrend and as long as that holds expect the bullish momentum to continue and we could see a target of 1.3950 if the UPPER yellow box gets breached.
However should the green trend-line gets broken, I expect the uptrend to finish and we have to assess from there.
However should the green trend-line gets broken, I expect the uptrend to finish and we have to assess from there.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.