FX:USDCAD   U.S. Dollar / Canadian Dollar

Usdcad Market Structure & Setup below :-

First of all, look at the resistance trade line rsi created here, which is signaling the price to go down. But later breakout (look at the circle) help prices will rise.
Second, Harmonic pattern give in selling opportunity,, but weekly first around usdcad price to go down, and next 1.23 nearly to price increase engine starting possible.
Third If bullish come so target setup with 1.25 next 1.29 level.

Note :- Market a risk subject opportunity. Market movement anytime change, so be alert for any action before.

Thank
By FX Analysis Team


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.