Upward retest
Dollar Cad, managed to show bullish strength after breaking through the 1.44000 mark, after having anticipated a potential drop. As price dropped after reaching the above high, price action is stabilising above the 1.43500 with an attempt to retest the above highs.
Settling above the 1.44000 and 1.44600 may yield to a continued rise. However, if the pair fails to rise and declines below the 1.43500, it may drop in search of bullish pressure.
Settling above the 1.44000 and 1.44600 may yield to a continued rise. However, if the pair fails to rise and declines below the 1.43500, it may drop in search of bullish pressure.
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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.