USDCAD has had its run this past week, it is likely that it will be put to a stop this coming week as it is already approaching an established resistance zone. if it does breakdown, A good place to take profit will be the last swing low which can serve as a support.
In all likelihood, it can continue moving up past the resistance which will be a buy signal.
This is in no way a financial advice. do your own due diligence
In all likelihood, it can continue moving up past the resistance which will be a buy signal.
This is in no way a financial advice. do your own due diligence
Commentaire:
we might start making a third wave upwards, hence i am more biased towards the bulls now than the bears
IF THE RESISTANCE ZONE GETS BROKEN THEN USDCAD IS ON ITS WAY TO THE UPPER ASCENDING TRENDLINE WHICH IS QUITE VISIBLE ON THE DAILY CHART