USDCAD has been ranging last week after breaking out of a 3-month channel. Similarly to the Dollar Index, with a bullish bias towards dollar, and the recent Oil Price falling, we can continue buying USDCAD at the bottom of its current range.
Next point of resistance being 1.3335 and 1.3500. Look for retests upon market opening, or should price break above the current range, await a retest on resistance turned support.
Next point of resistance being 1.3335 and 1.3500. Look for retests upon market opening, or should price break above the current range, await a retest on resistance turned support.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.