Hi Traders!
USDCAD has come a long way down since the 3-month trendline break, and there is a possibility that the pair is oversold.
Here are the details:
After the trendline break, the market had an aggressive push down and has looked to have consolidated around the 1.33498 level, which is now the support area. If there is a hold above here, the market is likely to pullback upwards.
Preferred Direction: Buy
Entry Level: 1.33900
Stop Level: 1.33410
Target Level: 1.34879
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
USDCAD has come a long way down since the 3-month trendline break, and there is a possibility that the pair is oversold.
Here are the details:
After the trendline break, the market had an aggressive push down and has looked to have consolidated around the 1.33498 level, which is now the support area. If there is a hold above here, the market is likely to pullback upwards.
Preferred Direction: Buy
Entry Level: 1.33900
Stop Level: 1.33410
Target Level: 1.34879
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
