USDCAD- 14Apr2022
On the daily, USDCAD faced bearish pressure from the 50MA + ascending trendline.
On the H4, price dropped as expected yesterday. Price is currently at support. If USDCAD continue to grind lower, we could expect price to find strong support from previous consolidation 1st Support area around 1.25015. In addition, H4 Stochastic is also coming into support.
This is for personal work record purposes only, not trade / financial advise or solicitation of trade.
On the daily, USDCAD faced bearish pressure from the 50MA + ascending trendline.
On the H4, price dropped as expected yesterday. Price is currently at support. If USDCAD continue to grind lower, we could expect price to find strong support from previous consolidation 1st Support area around 1.25015. In addition, H4 Stochastic is also coming into support.
This is for personal work record purposes only, not trade / financial advise or solicitation of trade.
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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.
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.