Long Limited Bullish towards 1.3145
USDCAD has edged lower over the last several weeks after printing its recent top of 1.3517 on May 31. since price holds 2012 Trendline and Major support 1.3020, price keep moving (100 pips arrange 1.3025 to 1.3125).
Daily base Price looking bullish towards resistance level 1.3140 if the price breaks out then next key resistance 1.3265, last week CAD retail data was disappointed may send the price back to resistance 1.3140 coming days.
Alternative Cad vs oil, Oil drop 400 points last and world superpower tension rise (USA, IRAN ISSUE) Current this issue affect on USDCAD pairs Could be upside or downside.
http://prntscr.com/oi533k
Support Levels:
S-1 = 1.3020
S-2= 1.2934
Resistance Level:
R-1 =1.3125
R-2 =1.3240
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Daily base Price looking bullish towards resistance level 1.3140 if the price breaks out then next key resistance 1.3265, last week CAD retail data was disappointed may send the price back to resistance 1.3140 coming days.
Alternative Cad vs oil, Oil drop 400 points last and world superpower tension rise (USA, IRAN ISSUE) Current this issue affect on USDCAD pairs Could be upside or downside.
http://prntscr.com/oi533k
Support Levels:
S-1 = 1.3020
S-2= 1.2934
Resistance Level:
R-1 =1.3125
R-2 =1.3240
Please like, share/follow us and get daily/weekly/ monthly Analysis.
If you like the idea, please push like and subscribe, it motivates me to post ideas more often.
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