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MarkE

USD/CAD LONG

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
MarkE  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators USDCAD Forex LONG Technical Analysis
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trendanalysis chartpattern indicator usdcad forex long technicalanalysis
USD/CAD is sitting at a confluence of support, an ascending trendline and well defined horizontal support. On the daily chart net volume ticked up as of yesterdays trading suggesting there are buyers at this level in addition to this there is significant bullish divergence on the chaikin money flow indicator. A break below the horizontal support would invalidate this idea.

USDCAD
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