USDCAD is breaking below the resistance

USDCAD is breaking below the 1.3600 resistance

 

After the rejection from 1.3700 USDCAD is breaking below the uptrend line 1.3600 resistance. This break below should be confirmed for an extension lower to 1.3300. The critical upside resistance zone stays at 1.3600-1.3700 and a break above this zone is required to invalidate the downside.

Note: look for the short trades with a stop loss above 1.3600

 

 

USDCAD downside reversal

 

“If you think Investing is risky, wait till you receive a bill for not Investing!” Jim Rohn

 

TRADE FOREX, INDICES AND COMMODITIES WITH FUNDED TRADER ACCOUNT! 30% OFF!

 

Take a break from your trading routine Copy our trades!

 



Scroll to Top
×