USDCAD Technical and Breakout strategy
Updated
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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