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Mohamdy

The price is trying to break out a critical resistance.

U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Mohamdy  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Wave Analysis Technical Indicators USDCAD tecnicalanalysis Forex
2
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trendanalysis waveanalysis indicator usdcad tecnicalanalysis forex
The price is moving in a horizontal direction between the support level at 1.33893 and the resistance level at 1.35075. Currently, the resistance level is tested by the price trying to break it out with the support of the Moving Averages while the Stochastic indicator is recording overbought, indicating the possibility of the price to rebound downward targeting the support line
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