USDCAD Will Go Up! Buy!
Updated
Here is our detailed technical review for USDCAD.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.365.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.371 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Note
I am confident in this trade so I will keep it open!
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🌐WebSite: signalprovider.org/
🔝Best Broker: icmarkets.com/trading-markets/forex/?camp=51166
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