USDCAD (1H) - short term bullish bias
The greenback has been in a sideways pattern for a week, which gave market participants clear boundaries for range trading. However, sentiment remains skewed to the upside. From the daily chart's perspective, after piercing through the 20-day moving average, the pair is recovering towards the 30-day one. The latter coincides with the major resistance level of 1.3100 on the hourly chart. Should offers get lifted there the US dollar may extend its rally to 1.3150.
Key support: 1.3050
Key resistance: 1.3100
The greenback has been in a sideways pattern for a week, which gave market participants clear boundaries for range trading. However, sentiment remains skewed to the upside. From the daily chart's perspective, after piercing through the 20-day moving average, the pair is recovering towards the 30-day one. The latter coincides with the major resistance level of 1.3100 on the hourly chart. Should offers get lifted there the US dollar may extend its rally to 1.3150.
Key support: 1.3050
Key resistance: 1.3100
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.