USDCAD- 18Mar2022
On the daily, price is coming into 200MA + ascending trendline support around 1.25870.
On the H4, price has been nicely dropping lower ever since it broke below the triangle pattern with downside target of around 1.24800. For now USDCAD is at daily + H4 Stochastic support, it could have a short term bounce to 1st Resistance at 1.27020 before dropping lower to the triangle target.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price is coming into 200MA + ascending trendline support around 1.25870.
On the H4, price has been nicely dropping lower ever since it broke below the triangle pattern with downside target of around 1.24800. For now USDCAD is at daily + H4 Stochastic support, it could have a short term bounce to 1st Resistance at 1.27020 before dropping lower to the triangle target.
This is for personal record purposes only, not financial advise or solicitation of trade.
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