USDCAD SHORT TERM BULLISH VIEW
Canadian Dollar is the strongest major currency against US Dollar. USDCAD just broke its Down Trend Line.
In short term view, USDCAD rebound or consolidate in 1.2360-1.2900 area.
Break and hold above 1.2900 open the way to:
1. 1.3000
1. 1.3240
3. 1.3300
1.3780 is its strongest Resistance and while below this level: its medium term outlook still bearish.
Break and below 1.2360 would RESUME its bearish medium term view.
In short term view, USDCAD rebound or consolidate in 1.2360-1.2900 area.
Break and hold above 1.2900 open the way to:
1. 1.3000
1. 1.3240
3. 1.3300
1.3780 is its strongest Resistance and while below this level: its medium term outlook still bearish.
Break and below 1.2360 would RESUME its bearish medium term view.
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