Hello,
USDCAD is currently at a 1-year high of 1.44672, but despite the present movement, a significant downside is anticipated, and a reversal seems imminent. However, confirmation from the 1-week pivot point (PP) is still needed, as it has been acting as support so far. If resistance isn't confirmed for a bearish reversal, the price may test the March 2020 high of 1.466. Either way, a downside move is expected, whether after the first or second scenario.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
USDCAD is currently at a 1-year high of 1.44672, but despite the present movement, a significant downside is anticipated, and a reversal seems imminent. However, confirmation from the 1-week pivot point (PP) is still needed, as it has been acting as support so far. If resistance isn't confirmed for a bearish reversal, the price may test the March 2020 high of 1.466. Either way, a downside move is expected, whether after the first or second scenario.No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
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.