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Caddollar

EURCAD 4HPrice broke out to the upside when the market closed on Friday. Here I see on the 4 hour a break of its downtrend line & a retest @ supply zone / 50 fibonacci level. Will watch how price action plays out when the market opens. Not rushing into this one just yet but will be waiting for more confirmation during the first fews days to see how price action plays out. Definitely on my watch list for this week along with GBP & NZD pairs which finished out the strongest ending last week. Trade with care!
Long
by Profound_Ambition
USDCAD 4HA bit indecisive on this pair as CAD gained a lot of strength last week and beat economy expectations. Price still has about 90 pips of space until reaching its daily trend line around 1.2300 support level. Price may bounce from that trend line as it has many times in the past. If we see a break below this trend line this pair will have a lot of downside potential. Price closed on Friday under 1.2400 support level / 38.2 zone, now turned resistance. Moving averages crossed to the down side as well, Let me know what you think about this pair if I am missing any key indications!! Comment & like if you agree !! Please leave some feedback : )
by Profound_Ambition