Kishore

`USDCAD SUPPORT BREAKOUT

Kishore Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
11
MARKET ANALYSIS: The pair is trading inside a channel and now the market has broken the channel support. But there is major support line near the current market price. So once if the support breaks can expect a new lower lows.

Alternate scenario: If the market holds above the support level. We can expect a uptrend to the channel resistance level. So lets wait and see what the market does in the coming days. Cheer!
Trade active:
Trade active:
Trade closed: target reached

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.