Possible Movements from USDCAD
This is my analysis on the possible movements on the USDCAD pair.
As of now the market’s still testing the zone of support between 1.37560 and 1.37288.
If the market closes above the support zone, there’s a high chance of the market bouncing up to the zone of resistance between 1.38894 and 1.38657.
If the market breaks and closes below the zone of structure support, there’s a likelihood of it bounces of the white horizontal line which has been tested as minor support before.
If it breaks through the white line, there’s a possibility for the market to use that zone for pullback before going into trend continuation to the downside.
That’s my analysis for the USDCAD pair. Let me know what you think 😁
Have a great day, trade green! 🚀
As of now the market’s still testing the zone of support between 1.37560 and 1.37288.
If the market closes above the support zone, there’s a high chance of the market bouncing up to the zone of resistance between 1.38894 and 1.38657.
If the market breaks and closes below the zone of structure support, there’s a likelihood of it bounces of the white horizontal line which has been tested as minor support before.
If it breaks through the white line, there’s a possibility for the market to use that zone for pullback before going into trend continuation to the downside.
That’s my analysis for the USDCAD pair. Let me know what you think 😁
Have a great day, trade green! 🚀
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