USDCAD Long
+ Weekly: This pair is still looking bullish. Although last weeks candle closed bearish it tried to break below 1.3300 monthly support but the bulls stepped in causing a rejection. Moving averages are bullish.
+ Daily: Price is now currently in a range between 1.3390 resistance & 1.3300 support with the recent touch being off resistance.
+ 4hr: When price tapped 1.3390 price made a new high. Price is now on its way down to possible entry point at 1.3300 support + 3rd bounce off ascending trendline. Next target 1.3390 top of the range.
Trade closed: target reached
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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.