USD/CAD Analysis - page 5
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
It's still testing the support, but I think it will continue falling.
The USDCAD may bounce to the downside from the 1.3300 level, below the 1.3200, the 1.3100 may act as support.
The pair reached 1.2950, which is a strong support level. If it breaks below that support it may fall all the way to 1.2600.
I can see an excellent entrance to the USDCAD market after passing/reaching the 1.3645 level. The price will go up.
I think it's bottomed out now.
Yes, it looks like there will be some retracement in the next few days. I think target is around 1.3200 - 1.3220.
The USDCAD could not break above the 21 day EMA and keeps its bearish trend. Right now the 1.2900 zone could be support.
I think that if it breaks below 1.2960 it will continue towards 1.2650. We might have to wait for the NFP for it to break below that level though.
Bears are not done yet i think.
Now that it broke above 1.3120 next target should be around at least 1.3300.