A look ahead into USDCAD for Next Week
USDCAD closed very bullish this week. Tapped into a big psychological price level of 1.32 and price has shown rejection. Price should attempt to break 1.32 one more time this week, if it rejects it, price should come down and retest the broken resistance. If price is able to break, price should continue moving to the 1.3300-1.33200 area.
Note
USDCAD should gap up to 1.32011 area due to good economic news on the USD. Will wait and see how price develops over these next few days.
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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.