USDCAD at decision point & buy opportunity
USDCAD at decision point, either the current
uptrending market structure will continue, or
the higher timeframe bearish trend will assert
itself and push the market lower violating the
current uptrend.
Either way there is a bullish
opportunity at market. If the bulls hold above the
1.2835 area the market is likely to retest the high
of trend around 1.3200 and potentially push to new
highs and test the 1.3285 resistance zone.
uptrending market structure will continue, or
the higher timeframe bearish trend will assert
itself and push the market lower violating the
current uptrend.
Either way there is a bullish
opportunity at market. If the bulls hold above the
1.2835 area the market is likely to retest the high
of trend around 1.3200 and potentially push to new
highs and test the 1.3285 resistance zone.
Penafian
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