USDCAD on its Rising Support. Trade around it.
The USDCAD pair is on the Rising Support that is holding for more than a month.
There is also the Support Zone (1.36280 - 1.36480) that is holding for 2 weeks.
Trading Plan:
1. Buy as long as the Rising Support holds.
2. Sell if the Support Zone breaks (i.e. closes a candle under it).
Targets:
1. 1.3800 (Resistance (1)).
2. 1.3555 (Support (1) and Fibonacci 0.5).
Tips:
1. The RSI (4h) is also on a 2 week Support. This is technically a short-term bullish sign.
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There is also the Support Zone (1.36280 - 1.36480) that is holding for 2 weeks.
Trading Plan:
1. Buy as long as the Rising Support holds.
2. Sell if the Support Zone breaks (i.e. closes a candle under it).
Targets:
1. 1.3800 (Resistance (1)).
2. 1.3555 (Support (1) and Fibonacci 0.5).
Tips:
1. The RSI (4h) is also on a 2 week Support. This is technically a short-term bullish sign.
Please like, follow and comment!!
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