USDCAD Forex Weekly Analysis May 29 - June 2, 2017
From a longer time frame (W1), the pair is in uptrend where it is making higher highs followed higher lows. Currently, the market is probably in a retracement or pull back and may have just touched the trend line support.
If the short term uptrend is not broken, the market may retest the 1.35380 - 1.35680 resistance zone.
A break below 1.33820 level signals the resumption of the recent bearish movement.
If the short term uptrend is not broken, the market may retest the 1.35380 - 1.35680 resistance zone.
A break below 1.33820 level signals the resumption of the recent bearish movement.
