SeaLionLLC

$USDCAD to bounce higher soon

Long
FX:USDCAD   Dollar Américain / Dollar Canadien
Since early September USDCAD has been stair stepping higher and the recent pullback may present an opportunity to enter long if are not already. There is a support/resistance line just under 1.10 and the rising 200 day MA looks to converge at that spot while the bullish falling wedge may complete. From a fundamental perspective if Goldman Sachs and other analysts are correct about oil going lower from here that will only help the bullish dollar case versus the loonie.

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.