mjadid

USDCAD waiting for long position

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
If we look into 12 hours chart we can see that the price could not break the last 2 candles and forming a nice pin bar in last candle.
If the price could break this level @1.3271 then I think it should go up to the daily resistance zone @1.33985
RSI also indicates oversold and started to change its direction in the daily chart.

You can find another cool analysis for the hourly chart in the linked URL.

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