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U.S. Dollar / Canadian Dollar

USDCAD trading signals

By TVS-Trader
Updated
SELL USDCAD signal at the Fibonacci 1.618 resistance zone around 1.38500 to catch the recovery of wave 4 according to the Elliot wave model. The recovery point can be at the Fibonacci 1.0 zone, which coincides with the critical point of EMA 34.
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USD/CAD stalls below 1.3850 with downside attempts limited
The Dollar remains capped below 1.3850 with the upside bias intact. A moderate rebound in Oil prices has given some support to the CAD earlier today. USD/CAD remains bullish, with the support area above 1.3800 holding bears for now.
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Technical IndicatorstradingtradingsignalsTrend AnalysisWave Analysis
TVS-Trader
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