7046242

USDCAD LONG-TERM TARGETS

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
The 2008 crisis broke the most important resistance of 1.185 , but the price did not fix above it and went down to the support level. In 2015, there was a final break to the top and after that, trading has always been above this level. Now 1.379 is broken in weeks, and the price is consolidating above it. The 1.468 resistance will not hold if there is more bad news. This means the price will go to the floor above. Unfortunately, there will be more problems in Canada.
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.