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ThinkingAntsOk

USD/CAD Bullish View by ThinkingAntsOk

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
ThinkingAntsOk  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Support and Resistance Multiple Time Frame Analysis USD CAD LONG view USDCAD analysis WTI Oil
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trendanalysis supportandresistance mtfa usd cad long view usdcad analysis wti oil
DAILY CHART EXPLANATION:

🔸 "USD/CAD Breaking the Downtrend" Daily Chart:
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🔸 Price has been on a Descending Wedge for more than a year.
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🔸 It has broken the Descending Trendline of the Wedge today.
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🔸 We consider it has potential to reach the Resistance Zone at 1.35300, and, if this zone is broken, then the next target is the Resistance Zone at 1.36500.
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🔸 We are waiting for a lower timeframe corrective move to get involved on this pair.

WEEKLY CHART ANALYSIS:

snapshot
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