USDCAD | The Possible Movement
Disclaimer on,
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
I observed on the daily time frame, that USDCAD is in the Resistance area which also coincides with the channeling upper trendline. Given the previous history, after the price touches or approaches one of the trendline areas, it will be followed by a reversal of the direction of price movement. The downside potential is in the lower trend line area to the Support level at the 1.256xx area.
Follow me for next update
___________
Best regards, riandwip686
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
I observed on the daily time frame, that USDCAD is in the Resistance area which also coincides with the channeling upper trendline. Given the previous history, after the price touches or approaches one of the trendline areas, it will be followed by a reversal of the direction of price movement. The downside potential is in the lower trend line area to the Support level at the 1.256xx area.
Follow me for next update
___________
Best regards, riandwip686
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