USD/CAD - 1.275 or 1.280 - Three Possible Scenarios
At the moment, the price is approaching the resistance level which I expect to turn bearish.
If the trendline is respected, a breakout under 1.275, my targets will be: 1.265 and 1.260.
Note: the trendline resistance (1.275) might not be respected and price might move forward to 1.280 (horizontal resistance).
If you have a different view, please share, I would love to hear your analysis.
If the trendline is respected, a breakout under 1.275, my targets will be: 1.265 and 1.260.
Note: the trendline resistance (1.275) might not be respected and price might move forward to 1.280 (horizontal resistance).
If you have a different view, please share, I would love to hear your analysis.
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.