USDCAD- 17Mar2022USDCAD- 17Mar2022
On the daily, price dropped to 50MA. Overall it is still consolidating inside a triangle.
On the H4, price confirmed below 200MA + broke the triangle with downside target of around 1.2480. We could expect price to face bearish pressure if price were to bounce back to 1st Resistance at 1.27460.
This is for personal record purposes only, not financial advise or solicitation of trade.
