USDCAD - Limited upside with Ending Wedge

FX:USDCAD   U.S. Dollar / Canadian Dollar

USDCAD - Intraday - We look to Sell at 1.3185 (stop at 1.3220)

Bespoke resistance is located at 1.3185. Closed the day little net changed. Buying posted in Asia. We have a 38.2% Fibonacci pullback level of 1.3173 from 1.3433 to 1.3013. A sequence of weekly higher highs and lows has been posted. There is scope for mild buying at the open but gains should be limited. The rally is close to an exhaustion count on the intraday chart.

Our profit targets will be 1.3000 and 1.2710

Resistance: 1.3185 / 1.3221 / 1.3300
Support: 1.3012 / 1.3000 / 1.2708
Trade active: In the interest of money management, we look to move the stop to 1.3185. No profit has been taken
FREE Telegram Group -
FREE Trade Ideas -
FREE Education and Insights -
Video Content -
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out