Today's focus: USDCAD
Pattern – consolidation pattern break (continuation)
Support – 1.3650
Resistance – 1.3780, 1.3830
Hi, traders. Thanks for tuning in for today's update. Today, we are looking at USDCAD on its daily chart.
Today, we are wondering if the USDCAD is setting off on a new move higher after holding support. Price continues to test at the descending triangle pattern, which could be seen as a consolidation in the uptrend and as a continuation pattern.
We have listed a few things to watch out for and the next levels of resistance. What do you think? Is this a new leg higher?
Good trading.
Pattern – consolidation pattern break (continuation)
Support – 1.3650
Resistance – 1.3780, 1.3830
Hi, traders. Thanks for tuning in for today's update. Today, we are looking at USDCAD on its daily chart.
Today, we are wondering if the USDCAD is setting off on a new move higher after holding support. Price continues to test at the descending triangle pattern, which could be seen as a consolidation in the uptrend and as a continuation pattern.
We have listed a few things to watch out for and the next levels of resistance. What do you think? Is this a new leg higher?
Good trading.
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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.