USDCAD Price Action Analysis: Key Levels To Watch!
USD/CAD 4H Chart Analysis
Key Levels to Watch:
- Resistance Level (1.45210 - 1.45500) – This is a strong supply zone where sellers have previously taken control. If the price reaches this level, we may see a reversal or strong breakout.
- Support Level (1.42956 - 1.43000) – A key demand area where buyers have stepped in before. A break below this level could push the price lower.
- Demand Zone (Around 1.41656) – This is a significant support area, and if price falls to this level, a bullish reversal may occur.
Possible Scenarios:
1. If the price bounces from the support level, it could aim for the resistance zone.
2. If the price breaks below support, it may drop further toward the demand zone.
3. A breakout above the resistance level could trigger further upside momentum.
Conclusion:
Traders should monitor how the price reacts at support and resistance. A bullish move from support may offer buying opportunities, while a break below could signal further downside.
If you enjoy, press the like button.
Key Levels to Watch:
- Resistance Level (1.45210 - 1.45500) – This is a strong supply zone where sellers have previously taken control. If the price reaches this level, we may see a reversal or strong breakout.
- Support Level (1.42956 - 1.43000) – A key demand area where buyers have stepped in before. A break below this level could push the price lower.
- Demand Zone (Around 1.41656) – This is a significant support area, and if price falls to this level, a bullish reversal may occur.
Possible Scenarios:
1. If the price bounces from the support level, it could aim for the resistance zone.
2. If the price breaks below support, it may drop further toward the demand zone.
3. A breakout above the resistance level could trigger further upside momentum.
Conclusion:
Traders should monitor how the price reacts at support and resistance. A bullish move from support may offer buying opportunities, while a break below could signal further downside.
If you enjoy, press the like button.
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price starts flying now , towards target. Nota
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Penafian
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