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USDCAD - Can Confluence Of Support Hold?
U.S. Dollar / Canadian Dollar
Long
USDCAD - Can Confluence Of Support Hold?
By ANROC
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Nov 28
2
Nov 28
20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
Dear Friends:
If you find my analysis helpful, please boost and follow me for future analysis at your service.
How I see it:
If support holds, we could witness a strong extension of the bull trend...
The 4HR 200SMA is rising, monitor price (re-)action closely.
I deeply appreciate you taking the time to study my analysis and point of view.
Keynote!
The most important to consider always, before you leap:
When you jump in the river, make sure you swim "WITH" the current.
Trend Analysis
ANROC
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