USDCAD- 06Apr2022
On the daily, USDCAD finally found support at around 1.24040 and formed a doji candle after selling off for the last 2 weeks.
On the H4, price is looking to retest previous supply zone at 1.25425 once it can close above 20EMA & 50MA. USDCAD have potential to retest daily resistance around 1.25600 due to its oversold nature.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, USDCAD finally found support at around 1.24040 and formed a doji candle after selling off for the last 2 weeks.
On the H4, price is looking to retest previous supply zone at 1.25425 once it can close above 20EMA & 50MA. USDCAD have potential to retest daily resistance around 1.25600 due to its oversold nature.
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.