The North American cross of the US and Canadian dollars has been on quite a run of late.
The pair has rallied for 11 of the last 12 days to test its April high near 1.3845 as of writing. Interestingly, the pair formed a potential double bottom pattern in the interim, hinting at the potential for a more extended rally from here if that resistance level gives way.
For now, the key question will be whether we see a weekly close above the April high, or whether a near-term pullback (which traders would likely see as a buying opportunity) is more likely.
-MW
The pair has rallied for 11 of the last 12 days to test its April high near 1.3845 as of writing. Interestingly, the pair formed a potential double bottom pattern in the interim, hinting at the potential for a more extended rally from here if that resistance level gives way.
For now, the key question will be whether we see a weekly close above the April high, or whether a near-term pullback (which traders would likely see as a buying opportunity) is more likely.
-MW
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。