EURCAD Technicals
Notice how EURCAD stalled at 1.5530 after breaking above wedge resistance on Monday.
The pair’s future direction will depend on whether or not buyers can clear 1.5530 on a daily closing basis.
If so, we could see EURCAD test the top of the ascending channel.
On the other hand, if 1.5370 support fails, we could see EURCAD move toward the 1.5000 handle.
The pair’s future direction will depend on whether or not buyers can clear 1.5530 on a daily closing basis.
If so, we could see EURCAD test the top of the ascending channel.
On the other hand, if 1.5370 support fails, we could see EURCAD move toward the 1.5000 handle.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.