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Usdcaddaily

USDCAD approaching resistance, look out for potential reversal! USDCAD is approaching its resistance at 1.30785 where it is could reverse down to its support at 1.30160. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
USDCAD reversed from resistance, potential drop! USDCAD reversed off its resistance at 1.30955 where it could potentially drop further to 1.30495. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
USDCAD Market Outlook | Alchemy FX Weekly Breakdown.USDCAD Big movement to the downside as previously expected. We are currently floating around strong support, but overall we are looking very bearish. After a big push down there will always be a short retest to the upside followed by possible strong movement to the downside to continue the overall trend. UC is a tricky one because if we do sustain at these levels we could start climbing back to the upside. That being said, as mentioned I’m favoring more downside moment. To see our full market break down join our Forex Telegram Channel link in my bio!
by Layne_LV