Dolar A.S. / Dolar KanadaSingkat
USDCAD Trendline Break and Retest
The USD/CAD pair recently witnessed a significant technical development as it broke below a key ascending trendline, marking the end of the preceding bullish momentum. Following the trendline breach, the price experienced a notable decline, eventually reaching a crucial support level.
In a subsequent move, the pair retraced to revisit the broken trendline, now acting as resistance, and displayed a clear rejection, validating the newfound resistance. This rejection was followed by a renewed downward movement, suggesting a potential continuation of the bearish trend.
The current trade idea entails taking a short position on USD/CAD with the target set at 1.36350.
Closely monitor the price action and employ risk management to mitigate potential losses.
In a subsequent move, the pair retraced to revisit the broken trendline, now acting as resistance, and displayed a clear rejection, validating the newfound resistance. This rejection was followed by a renewed downward movement, suggesting a potential continuation of the bearish trend.
The current trade idea entails taking a short position on USD/CAD with the target set at 1.36350.
Closely monitor the price action and employ risk management to mitigate potential losses.
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.