USD-CAD Finding Resistance withing an area of Past Resistance?
https://www.tradingview.com/x/YPkhU6C4/
The pair seem to have found some resistance within the area marked with red arrows on the chart, with a Fib 38.2 deep retracement resistance providing a confluence of factors. DXY is struggling to keep going up. If the current resistance holds and they decide not to go and test Fib 23.6, then we have been given a trade where price has closed below our trend line. Fist port of call for our target is Fib 100 shown on the chart. Hope this little helps and happy trading at all times. Thank you.
The pair seem to have found some resistance within the area marked with red arrows on the chart, with a Fib 38.2 deep retracement resistance providing a confluence of factors. DXY is struggling to keep going up. If the current resistance holds and they decide not to go and test Fib 23.6, then we have been given a trade where price has closed below our trend line. Fist port of call for our target is Fib 100 shown on the chart. Hope this little helps and happy trading at all times. Thank you.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.