USDCAD is approaching a short term trendline. A breakout and confirmation above the trendline will open the roof for this pair to retest the previously made high before dropping massively to fill the gap.
The Pair has a possibility too, of bouncing from the trendline, breaking below the lower trendline, and finally filling the gap.
My bias for this pair is Short if the upper trendline holds else a short term Long and then Short the pair, taking profit near the gap.
Fundamentals on USD may affect the pair
The Pair has a possibility too, of bouncing from the trendline, breaking below the lower trendline, and finally filling the gap.
My bias for this pair is Short if the upper trendline holds else a short term Long and then Short the pair, taking profit near the gap.
Fundamentals on USD may affect the pair
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.