Get started
chagolim

USDCAD bounces off the 1.3370 support - will it continue?

U.S. Dollar / Canadian Dollar (FX:USDCAD)  
chagolim  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Support and Resistance USDCAD
0
0
supportandresistance usdcad
The pair respected its support at 1.3370, and its aiming to target the previous swing high of 1.3470 and then it'll have room to move up to the known rejection area of 1.3560.

Do watch out for the US Final GDP q/q announcement later on the day - could be the major breakthrough to push this pair higher.
Otherwise it'll be the supports end of days.

Happy trading! Many returns!
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.