USDCAD: Local Bullish Reversal?!
I have observed a positive uptrend in response to a significant daily support level on the 📈USDCAD chart.
Following a test of the marked blue zone, the price began to consolidate and formed a horizontal range on the 4-hour timeframe.
The resistance was broken, indicating strong buying activity.
We anticipate further upward movement, possibly reaching 1.4300.
Following a test of the marked blue zone, the price began to consolidate and formed a horizontal range on the 4-hour timeframe.
The resistance was broken, indicating strong buying activity.
We anticipate further upward movement, possibly reaching 1.4300.
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Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
Related publications
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.