USD/CAD - Crucial Resistance level!USDCAD is almost at the Resistance level of 1.34300-1.34400. If the Resistance level won't be broken we can expect a drop to the first Support level of 1.33500.
If the Resistance level can not hold we could see a raise to our first target of 1.35350.
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Usdcad4hr
USDCAD. Waiting For Buy Sell Confirmation. This is My Personal Analysis for pair of USDCAD
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Cad Strong on the Weekly....?This pair is bearish for me looking at the weekly chart, strong bearish candle inside an ascending channel. Therefore bearish short term. A break of the lows inside the yellow box could run it down to 1.25500 support, but a pullback is needed first! Just be wary of double bottoms and tops being formed which are also apparent on the daily timeframe too.
USD/CAD - 200 Pips Short OpportunityNFP results for USD were not good today and employment change results in CAD was better than expected.
It is very possible USD/CAD is now in a short trend as indicators and candlesticks indicates.
If the 200 EMA is broken, then it's going to go down until it finds support and the trend changes.
USDCAD - BUY Blue Lines / Sell Red LinesUSDCAD has broken upside resistance. However we feel the Red Zone & RED Line will be strong Resistance area for further upside. We expect USDCAD to test the Blue Lines and retest the recent high and potentially red zone. Scalp between both lines for both side trades.