ThreePillarsTrading3

USDCAD ANALYSIS LOOKING TO PUSH HIGHER

OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Hello all,

USDCAD HAS BEEN MOVING SIDEWAYS ON THE DAILY CHART SINCE LATE MARCH. IN THE HOURLY CHART, IT SHOWS A BREAK FROM RESISTANCE AT THE 1.3950 -1.3960 AREA TO THE RESISTANCE OF 1.4040 - 1.4050 AREA AND THEN A RETRACE ALMOST HITTING THE .50 FIB AND 50 EMA OFF OF THE HH POSSIBLY MAKING A HL.

I WILL BE LOOKING FOR BUYS ON THIS PAIR TO THE AREA OF 1.4100 - 1.4120; GIVEN THE NATURE OF THE FUNDAMENTALS FOR THIS WEEK AND THE PRICE ACTION WE GET.

IF YOU LIKE PLEASE GIVE A THUMBS UP AND ALSO COMMENT YOUR OPINIONS AND IDEAS, THANK YOU!

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