USDCAD is overstretched to the upside.
On the 4H chart, it is outside 800 period Bollinger Bands.
Furthermore, there is divergence towards the 1.34 level, suggesting momentum of the upward move is slowing.
I expect a pullback on this pair, especially as oil appreciates back to the $50 level, to 1.32.
Below 1.32, strong support should be expected at 1.30.
Risks, of course, are a hawkish FOMC statement (largely priced in) and a Trump win (not priced in).
On the 4H chart, it is outside 800 period Bollinger Bands.
Furthermore, there is divergence towards the 1.34 level, suggesting momentum of the upward move is slowing.
I expect a pullback on this pair, especially as oil appreciates back to the $50 level, to 1.32.
Below 1.32, strong support should be expected at 1.30.
Risks, of course, are a hawkish FOMC statement (largely priced in) and a Trump win (not priced in).
Trading ditutup: target tercapai
Done
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.