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USD/CAD Analysis - page 51

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It found some resistance at 1.3085. If it bounces off from it the pair may fall back towards 1.2930.
USD/CAD is testing the support at 1.3045 and it has formed a spinning top candlestick on the four-hour time-frame at that level. Now the question is if or when there would be a breakout below it.
Good opportunity to go short at 1.3215-1.3220. 
The move to the upside clearly continues, the pair broke out above 1.3200. Next target is likely at 1.3280.
USD/CAD is consolidating sideways around 1.3200, next week it will likely continue rising.

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The pair is consolidating sideways for now, next target is likely at 1.3130.
The 1.3200 level is still good resistance on the USDCAD, which has now invalidated its bearish channel. Above the 1.3200 evel, its next resistance could be the 1.3387 level. To the downside, the 1.3100 level or the 1.3000 could act as support.
Alexander Londono:

The USD/CAD keeps its bullish trend, the next resistance may be the 1.3458 level and from there the price may try to stall or even break to the downside, but if oil keeps dropping, then we may see a breakout of that level. A breakdown of the bullish trendline may indicate a change in direction, but there are no important supports until the 1.2840 area.

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umarjalo:

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Why are you responding to a post about current analysis that is 3 years old?

Your post is pointless and adds nothing to the topic.

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