Inizia
Dollaro / Dollaro canadese
Long

USDCAD testing support, potential to rise further!

Di ICmarkets
Broker
Aggiornato
Price is testing its support at 1.2627 (76.4% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 1.2730 (61.8% Fibonacci extension, 50% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal pullback resistance). If it breaks past this level, it could rise further to 1.2829 (76.4% Fibonacci retracement, 50% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance).
RSI (89) shows a bullish breakout as well as a bullish divergence with price which contributes to our bullish bias.
Trade chiuso: obiettivo raggiunto
USDCAD broke out of its descending resistance line and moved past our first profit target!
Bitcoin (Cryptocurrency)bitcoinforecastCADChart PatternsForexforexsignalsHarmonic PatternsTrend AnalysisUSDUSDCADusdcadlong
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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