EurCad- Rise to resistance?
Since November, EurCad is trading in a range, with a low of around 1.42 and a high above 1.4550.
Yesterday the pair visited the lower boundary of the range and reversed (Pin Bar on Daily chart)
At this moment there is a high probability of continuation to the upside and traders can look to buy dips under 1.43 with a target at 1.45
A daily close under 1.42 negates this scenario
Yesterday the pair visited the lower boundary of the range and reversed (Pin Bar on Daily chart)
At this moment there is a high probability of continuation to the upside and traders can look to buy dips under 1.43 with a target at 1.45
A daily close under 1.42 negates this scenario
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