USDCAD (1H) - short term bullish bias
The pair met stiff selling pressures near the previous high of 1.3345 as longs might have started to take some money off the table. The current pullback is testing buyers' stronghold around 1.3290. In the meantime, the RSI indicator has eased towards the lower end of its spectrum. This can be seen as an opportunity for bullish players to get in at a discount, for a target near the top of the range. The downside risk would be a push below the key support lines.
Key support: 1.3290/1.3280
Key resistance: 1.3340
The pair met stiff selling pressures near the previous high of 1.3345 as longs might have started to take some money off the table. The current pullback is testing buyers' stronghold around 1.3290. In the meantime, the RSI indicator has eased towards the lower end of its spectrum. This can be seen as an opportunity for bullish players to get in at a discount, for a target near the top of the range. The downside risk would be a push below the key support lines.
Key support: 1.3290/1.3280
Key resistance: 1.3340
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.