Get started
Saravan

USDCAD nearing 4 hour resistance - Sell

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Saravan  
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD
3
0
usdcad
Hello Traders,

I expect the price to touch at least the channel support area around 1.2970 - 1.2945. After Friday's drop price has retraced near 78.6 fib level of last high and low. This area also confluence of trend line resistance. I believe selling this pair around 1.3140 targeting the channel support around 1.2970.

Good Luck!

Daily Chart:
snapshot
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.