💡Hello traders,
Hope you all have a fantastic day !
I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis.
Like all of USD pairs also USD/CAD has been in downtrend for couple of weeks, however economical data came out better then expected and USD could change trends. In this pair first hurdle is descending resistance line on 4H chart. Will USD have enough strength to break it or bearish price movement will continue ?
Let us know what you think about this idea.
Trade safe !
Hope you all have a fantastic day !
I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis.
Like all of USD pairs also USD/CAD has been in downtrend for couple of weeks, however economical data came out better then expected and USD could change trends. In this pair first hurdle is descending resistance line on 4H chart. Will USD have enough strength to break it or bearish price movement will continue ?
Let us know what you think about this idea.
Trade safe !
