USD/CAD Analysis - page 24
USD/CAD broke below 1.3300 after all and continued dropping. I think
that if it breaks below 1.3200 too it will reach 1.3120 next.
Bearish on the US dollar.
USD/CAD is consolidating above the support zone between
1.3175 - 1.3200. I think if it breaks out below that zone it will reach
1.3120 - 1.3100.
USD/CAD finally broke below 1.3170 and it's still falling. I think the closest target is at 1.2960.
Consolidation continues.
I intend to open a long position, the pair has formed a double bottom at 1.3020 and an inverted hammer bar and a doji bar on the 1H time frame.
USD/CAD is rallying and broke above the resistance at
1.3120. I think next target is 1.3190 - 1.3200, where is the previous
high.
The USDCAD rallies again and it is coming close to the 1.3300 level, which could act as resistance.
I think that if it breaks out above 1.3280 - 1.3300 it will continue climbing toward 1.3340.
The pair rebounded from 1.3387 to retrace back to 1.3330 - 1.3340. I think it will continue moving to the upside, however, for another test of the resistance at 1.3400.
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