CloudBankz

USDCAD Possible Bullish Trend Incoming D1

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
Looking at the USDCAD, it has been on a downward trend from May Peak at 1.4600 Price. Price was expected to bounce at Support 1.3612 unexpectedly, price broke with Support downward and gave a Ranging market at 1.3400. Meanwhile, expected Price to hit 1.3300 and Reject with a Bullish and upward trend to trend to 1.3600.
EMA 200 Below price on Weekly.
Stoploss below 1.3200.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.