USD/CAD Analysis - page 24

Diana Jackson
884
Diana Jackson  
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.
Ari Goldman
962
Ari Goldman  
Bearish on the US dollar.
Diana Jackson
884
Diana Jackson  
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.
Diana Jackson
884
Diana Jackson  
USD/CAD finally broke below 1.3170 and it's still falling. I think the closest target is at 1.2960.
Ari Goldman
962
Ari Goldman  
Consolidation continues.
Diana Jackson
884
Diana Jackson  
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.
Diana Jackson
884
Diana Jackson  
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.
Alexander Londono
802
Alexander Londono  
The USDCAD rallies again and it is coming close to the 1.3300 level, which could act as resistance.
Diana Jackson
884
Diana Jackson  
I think that if it breaks out above 1.3280 - 1.3300 it will continue climbing toward 1.3340.
Diana Jackson
884
Diana Jackson  
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.