USDCAD- 31Jan2022
USDCAD- 31Jan2022
On the daily, price confirmed above descending trendline and 50MA. There could be further upside in the near-term. Point to note that there is a temporary negatively inverse disconnect in oil and USDCAD these few days.
On the H4, price is at Fib confluence resistance. With Stochastic at resistance, we could expect price to pull back to 1st Support at 1.27155.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price confirmed above descending trendline and 50MA. There could be further upside in the near-term. Point to note that there is a temporary negatively inverse disconnect in oil and USDCAD these few days.
On the H4, price is at Fib confluence resistance. With Stochastic at resistance, we could expect price to pull back to 1st Support at 1.27155.
This is for personal record purposes only, not financial advise or solicitation of trade.
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