USD/CAD H1 Trend Watch !
Loonie is currently found on a 13 times tested PROVEN RESISTANCE level @1.25930 - 1.25720 formed from 23rd of JULY 21.
POSSIBLE MARKET MOVEMENT
This could be the final existence of this RESISTANCE level. Although, there is a high tendency of a short time reversal ( Check chart).
Economic Events coming up in few hours. There are always rooms for the unexpected . In case of a break in the PROVEN RESISTANCE level, means an upward trend .. retracements might occur ( observe trend lines )
Thanks
POSSIBLE MARKET MOVEMENT
This could be the final existence of this RESISTANCE level. Although, there is a high tendency of a short time reversal ( Check chart).
Economic Events coming up in few hours. There are always rooms for the unexpected . In case of a break in the PROVEN RESISTANCE level, means an upward trend .. retracements might occur ( observe trend lines )
Thanks
Penafian
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