USDCAD has broken major resistance, potential bullishness!
USDCAD has broken a major resistance-turned-support line at 1.2559 which now serves as major support for a potential bounce towards 1.2645 (100% ABC Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance).
RSI (55) also sees a recent bullish exit signalling a change in momentum from bearish to bullish. This is in line with the potential rise in price.
RSI (55) also sees a recent bullish exit signalling a change in momentum from bearish to bullish. This is in line with the potential rise in price.
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.