Hey tradomaniacs,
USD/CAd could move up with the current correction after the recent breakout of the flag-pattern which is a sign for a trend-continuation.
Overall a tricky situatrion for CAD, so fundamentals and news could of course destroy this setup due to the uncertainy regarding to Ukraine/Russia and the Oil-supply which highly affects the canadian dollar.
What do you think? Techincally a good long ino.
USD/CAd could move up with the current correction after the recent breakout of the flag-pattern which is a sign for a trend-continuation.
Overall a tricky situatrion for CAD, so fundamentals and news could of course destroy this setup due to the uncertainy regarding to Ukraine/Russia and the Oil-supply which highly affects the canadian dollar.
What do you think? Techincally a good long ino.
Note
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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.