Resuming the uptrend for USDCAD?

USDCAD:

USDCAD

As of Friday’s close, USDCAD showed strong bullish price action after testing the previous structure (~1.3), where it also saw strong bullish price action in the past. It is highly possible that the bullish price action will continue for the next week.

3 prices point that might potentially see some sellers coming in, 2 of which are the previous structure for the pair and the last one (the highest one), is an area that could potentially hold the pair for the uptrend.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s