USDCAD is testing the strong support confluence

USDCAD intraday positive RSI divergence and a support test

 

USDCAD is testing 1.2500-1.2550 a batch of support confluence for another swing higher in the range.  Previous bounces led to a strong upside reversal of 300-500 pips. A clear confirmed break below 1.2500 is required for the downside extension.

Note: look for the long trade entries with the stop loss below 1.2500

USDCAD upside reversal

 

 

 

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