Potential upside for USDCAD



On Friday’s close, USDCAD held above previous structure, 1.2894 – 1.2889. However, as there was quite a strong bearish momentum coming down towards this previous structure, it would be good to see more bullish strength, before determining if the pair could head up.

If the pair would continue to sell down, the next level to watch would be the trendline structure.


Monthly Levels: Represented in Red

Weekly Levels: Represented in Blue

Daily Levels: Represented in Black

Like our content? Drop us a like on our Facebook page and share it so that more people can benefit from it!

Follow our Instagram page for more analysis on FOREX pairs!


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 )

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