USDCAD: Classic Bearish Reversal Setup
Observe the recent price action of 📉USDCAD.
After testing a major horizontal resistance, the price began consolidating within a narrow range. It subsequently bounced and broke below both the support line of an ascending parallel channel and the horizontal range support.
This breakdown suggests a potential further decline. Key target levels to watch are 1.3874 and 1.3858.
After testing a major horizontal resistance, the price began consolidating within a narrow range. It subsequently bounced and broke below both the support line of an ascending parallel channel and the horizontal range support.
This breakdown suggests a potential further decline. Key target levels to watch are 1.3874 and 1.3858.
Declinazione di responsabilitÃ
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.