After breaking the support which is now resistance at around 1.24417, bears didn't seem to give up the game.
🔍Technical expectations:
🔹Probability is high that bears will defend the 1.24417 level which is now acting as resistance.
🔹USDCAD will continue declining, first targeting the 1.22566 level and later down to 1.20576
🔹The decline in USDCAD can also be driven by USD which I expect to get weaker.
❗️Take note: Do not take my idea as a general advice or signal and act upon it without your own analysis. I encourage you to follow me that when I post new updates you get informed of this.
Please support this idea with a like and feel free to share your thoughts and opinions in the comment section below👍
Many wishes and trade smart!
🔍Technical expectations:
🔹Probability is high that bears will defend the 1.24417 level which is now acting as resistance.
🔹USDCAD will continue declining, first targeting the 1.22566 level and later down to 1.20576
🔹The decline in USDCAD can also be driven by USD which I expect to get weaker.
❗️Take note: Do not take my idea as a general advice or signal and act upon it without your own analysis. I encourage you to follow me that when I post new updates you get informed of this.
Please support this idea with a like and feel free to share your thoughts and opinions in the comment section below👍
Many wishes and trade smart!
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.