Usdcadbuy
USDCAD approaching support, potential for a bounce!
USDCAD is expected to drop to 1st support at 1.31710 where it could potentially react off and up to 1st resistance at 1.32385.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD approaching support, potential for a bounce!
USDCAD is expected to drop to 1st support at 1.31710 where it could potentially react off and up to 1st resistance at 1.32385.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD - UPDATEANALYSIS ON USDCAD
Welcome to my analysis
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30 Min Chart
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Interesting Point of interest In the USDCAD pair.
- Price below 200 day EMA on 30min chart.
- watch red and green horizontal ray lines for sell.
- MACD showing bearish divergence on 15min time frame.
- Watch out as we could have one more pullback before going down
Expecting more move to the downside for now.
Stay Tuned