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USD/CAD close to visiting resistance - page 21

Diana Jackson
716
Diana Jackson  
I opened a long on this pair due to the doji and spinning top bars that formed on the four-hour time frame above the support at 1.3400. My target is at 1.3460.
Diana Jackson
716
Diana Jackson  
USD/CAD is testing the resistance at the previous high at 1.3524. I think that if it breaks out above that level it will reach 1.3600 - 1.3700 at least.
Ari Goldman
880
Ari Goldman  
CAD is depreciating rapidly.
Diana Jackson
716
Diana Jackson  
The pair broke above 1.3524 and it is still very bullish. Next target is 1.3600, so for the moment I have a long position.
Diana Jackson
716
Diana Jackson  
USD/CAD formed a shooting star bar after it reached the resistance at 1.3590, then started dropping. I have a short position and I will open another one if it breaks below 1.3400.
Diana Jackson
716
Diana Jackson  
The pair is still consolidating above 1.3400. Hopefully the release of the Core CPI tomorrow will push it past that level.
Diana Jackson
716
Diana Jackson  
USD/CAD rebounded from 1.3400 and reached 1.3560, but now it's retracing from that level. I think next target is at 1.3470.
Ari Goldman
880
Ari Goldman  
Waiting to sell around 1.37.
Diana Jackson
716
Diana Jackson  
USD/CAD broke below 1.3400 but it rebounded from 1.3386. Although the pair is still consolidating above 1.3400 I think there will be another move to the downside towards 1.3300.
Diana Jackson
716
Diana Jackson  
The pair couldn't break below 1.3400 after all and moved to the upside. However, it has formed a double top under the resistance 1.3460, so a new move to the downside is still possible.