AndreaTheTrader

USDCAD - Down to 1.35900?

Viés de baixa
OANDA:USDCAD   Dólar Americano/Dólar Canadense
So last week, my analysis of USDCAD began to play out and I do believe the downward trend will continue after a short-term Bull run as price currently sits just above a Daily OB and 4H Demand Zone, allowing us as spectators of the market to expect Bull reactions to these zones.This short term move is supported with the confluence of price being below the central pivot in the 1D TF and below, suggesting price to be in a buying zone. However, once price rallies into the Daily Supply marked on the chart, I suspect it to fall and continue to fall all the way to 1.359 so that the banks and institutions can collect the 'free money' essentially lying between 1.3500 and 1.35900, allowing price to finally expand after this period of contraction/accumulation.
Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.