USDCAD 1.3400 acts as nearby resistance, a descending trend-line from March-high, at 1.3440, could challenge buyers afterward. In a case prices rally beyond 1.3440, next target 1.3510 and 1.3600 .
Downside is 1.3315 and 1.3250 may entertain short-term sellers prior to challenging them with an upward sloping support-line at 1.3220 and 200-day SMA level of 1.3200 next targets.
Downside is 1.3315 and 1.3250 may entertain short-term sellers prior to challenging them with an upward sloping support-line at 1.3220 and 200-day SMA level of 1.3200 next targets.
Note
USDCAD Sell 1.3440 level. Used small stop loss because market stable 1.3440+ level market continue buy Mood.Trade active
Buy Active 1.3440 take profit 1.3560Trade closed: target reached
Buy Active 1.3440 new take profit 1.3520 Area.
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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.