Get started
Wahyu_Luck

USDCAD SHORT TERM BULLISH VIEW

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Wahyu_Luck  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Fibonacci Support and Resistance uascad Forex Bullish Patterns
1
0
trendanalysis fibonacci supportandresistance uascad forex bullish
Canadian Dollar is the strongest major currency against US Dollar. USDCAD just broke its Down Trend Line.
In short term view, USDCAD rebound or consolidate in 1.2360-1.2900 area.
Break and hold above 1.2900 open the way to:
1. 1.3000
1. 1.3240
3. 1.3300

1.3780 is its strongest Resistance and while below this level: its medium term outlook still bearish.

Break and below 1.2360 would RESUME its bearish medium term view.
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.