USDCAD- 15Mar2022
On the daily, USDCAD had a huge bounce yesterday after oil price pulled back by more than 7%. It is now retesting the previous descending trendline. Will just have to wait out in which direction it will breakout.
On the H4, price is coming into final 78.6% Fib resistance from previous highs. If price can bounce above, we could expect it to retest 1st Resistance at 1.29000.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, USDCAD had a huge bounce yesterday after oil price pulled back by more than 7%. It is now retesting the previous descending trendline. Will just have to wait out in which direction it will breakout.
On the H4, price is coming into final 78.6% Fib resistance from previous highs. If price can bounce above, we could expect it to retest 1st Resistance at 1.29000.
This is for personal record purposes only, not financial advise or solicitation of trade.
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