USDCAD- 17Feb2022
On the H4, USDCAD once again faced bearish pressure from descending trendline and Fib confluence resistance at 1.27675. USDCAD is consolidating within a channel for now. For further upside to take place, price has to close above the descending trendline and 1st Resistance at 1.27675. For the downside case, price have to make a clear break below the 1.26650 before it could go lower.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the H4, USDCAD once again faced bearish pressure from descending trendline and Fib confluence resistance at 1.27675. USDCAD is consolidating within a channel for now. For further upside to take place, price has to close above the descending trendline and 1st Resistance at 1.27675. For the downside case, price have to make a clear break below the 1.26650 before it could go lower.
This is for personal record purposes only, not 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.