DeGRAM

DeGRAM | USDCAD divergence at the strong support

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
DeGRAM  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Support and Resistance usdcadanalysis usdcadsignal
17
7
trendanalysis chartpattern supportandresistance usdcadanalysis usdcadsignal
USDCAD decelerated while approaching support, then bounced off it following the divergence.

Price bounced off the psychological level of 1.31000. If you look left, the last time the price dropped from the resistance, it pulled back after the divergence.

We anticipate the same price action and a retest of the resistance.


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DeGRAM | USDCAD divergence at the support
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