Watch out for USD/CAD - Channel provides buying opportunity?
Updated
Hi guys, the USDCAD pair is trading inside a rising channel and has reached the lower channel support in today's trade.
The level aligns with the 61.8% Fib level, and the RSI is printing a slight hidden bullish divergence (the RSI bottomed before the price.)
The 4-hour candle looks like buyers are gaining power again.
Follow this pair, it could reveal a buy opportunity.
The level aligns with the 61.8% Fib level, and the RSI is printing a slight hidden bullish divergence (the RSI bottomed before the price.)
The 4-hour candle looks like buyers are gaining power again.
Follow this pair, it could reveal a buy opportunity.
Trade closed: target reached
Our profit-target has been reached.
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