USDCAD Idea
G'Day Guys
Let's analyze USDCAD today. It's Friday.
From a weekly perspective, 1.20086 zones were tested three-time and rejected, this indicates this zone quite a strong support level which unbroken since 2014. On the upside perspective, 1.46120 zones created double top.
From a daily perspective, this pair showing solid bearish. We expecting these pair to create and sideway before making some movement. Based on the human behavior perspective most likely this pair going to break the 1.20086 level. This is a cycle of the market. To really understand this, we going to discuss it in detail.
Today we expect this pair to move uptrend in a smaller timeframe price expected to make some correction to get some seller momentum to break strong supports.
Let's see what happens next.
Let's analyze USDCAD today. It's Friday.
From a weekly perspective, 1.20086 zones were tested three-time and rejected, this indicates this zone quite a strong support level which unbroken since 2014. On the upside perspective, 1.46120 zones created double top.
From a daily perspective, this pair showing solid bearish. We expecting these pair to create and sideway before making some movement. Based on the human behavior perspective most likely this pair going to break the 1.20086 level. This is a cycle of the market. To really understand this, we going to discuss it in detail.
Today we expect this pair to move uptrend in a smaller timeframe price expected to make some correction to get some seller momentum to break strong supports.
Let's see what happens next.
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