USDCAD trend plan
The downtrend line is very strong with multiple touches. 50 and 200 SMA's now aligned with it. Price currently at support level. A break lower would trigger a sell to lower levels.
A break of the trend line needs confirmation with a candle close.
Fundamentals show indecision in the market at the moment.
Please support the idea and share your thoughts on USDCAD!
Good Luck and Stay Healthy!
A break of the trend line needs confirmation with a candle close.
Fundamentals show indecision in the market at the moment.
Please support the idea and share your thoughts on USDCAD!
Good Luck and Stay Healthy!
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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.