Hello there traders
USDCAD is the pair to observe this week and also make some profit from it and this is why
We can clearly see that the price has been on an uptrend and the price is lying along the bullish trendline. At the start of this week, the price rallied high beyond the high of the week of last week which is 1.2660. This level acted as the resistance and now as priced retraced yesterday to the same level which is now our support level which is clearly intersecting with the bullish trendline. This is also the low of Tuesday(yesterday), this is a significant level to us traders.
A breaker block has been created today indicating that the bullish move is still on and we look to go long at this discounted price.
USDCAD is the pair to observe this week and also make some profit from it and this is why
We can clearly see that the price has been on an uptrend and the price is lying along the bullish trendline. At the start of this week, the price rallied high beyond the high of the week of last week which is 1.2660. This level acted as the resistance and now as priced retraced yesterday to the same level which is now our support level which is clearly intersecting with the bullish trendline. This is also the low of Tuesday(yesterday), this is a significant level to us traders.
A breaker block has been created today indicating that the bullish move is still on and we look to go long at this discounted price.
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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.