USD/CAD has been trading just below resistance for over a month now at the 1.618% extension of the 2023 advance at 1.4483. Note that the upper parallel of the ascending pitchfork continues to cap the December breakout.
Initial support rests with the 75% parallel (currently ~1.43) with bullish invalidation now raised to 1.4099-14115.
Ultimately a breach / close above the 2016 close high at 1.4538 is needed to fuel the next major leg of the advance towards 1.4660/90- a region defined by the 78.6% retracement of the 2003 decline, the 1.618% extension of December advance and the 2016 high. Look for a larger reaction there IF reached.
MB
Initial support rests with the 75% parallel (currently ~1.43) with bullish invalidation now raised to 1.4099-14115.
Ultimately a breach / close above the 2016 close high at 1.4538 is needed to fuel the next major leg of the advance towards 1.4660/90- a region defined by the 78.6% retracement of the 2003 decline, the 1.618% extension of December advance and the 2016 high. Look for a larger reaction there IF reached.
MB
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.