TECHNICAL ANALYSIS USDCAD

May 17, 2020

USDCAD
#USDCAD - Technical Analyasis
Time Frame: 4H
First of all, we look at the bigger picture as always. On the 4H time frame, we can see a structure in which we can put our resist line and our support zone. They are pretty easy to be recognized. The price is now at the resist zone, in that way we expect to more likely see bounce than breakout. For that one, we need to go on lower time frame to see what's happening there