Breakthrough to 1.36 Range This Week ~ High Probability

Long

Dollar Américain / Dollar Canadien (FX:USDCAD)

Mis à jour

FX:USDCAD Dollar Américain / Dollar Canadien

trendanalysis harmonicpatterns chartpattern usdcad usd cad pattern cadusd long breakout

A potential breakout to the higher 1.36 levels are a possibility. We will have to see a clean breakout of the 1.35200 Resistance to spike us to the 1.36 levels. We are going to hit a Fibonacci Level regardless, so if price doesn’t hit the 61.80% Fib we can see it fall with the purple trend line to bounce off the 50% Fib level.

Commentaire:

Watch out for the Fake Out, we should see this wedge pattern continue to bring the price up.

Commentaire:

We might start to see a spike in price to continue our way upwards.

Commentaire:

Seems as though we decided to take the alternative route and we still hit the Fib level perfectly

Commentaire:

Analysis still holding strong. We have rested on a support level. Potential fakeout before we rise to the 1.36 range

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