USDCAD - Buy Opportunity After Resistance Break
USDCAD has broken above a critical resistance level and is aligning with bullish trend continuation by retesting this level as support. If the support holds, I expect a move upward toward 1.45300, aligning with the bullish trend. Conversely, if the support is broken, the bullish outlook could weaken, paving the way for further declines.
Traders should monitor this zone closely for signs of buyer strength before taking long positions. Do you see this playing out similarly? Let’s discuss in the comments below!
Trade attivo
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.