USDCAD is in consolidation. A symmetrical triangle with a correction phase to the support area is being formed. The trend is upward, the currency pair follows the dollar index

TA on the high timeframe:
1) The dollar index is going to rise, and so is the USDCAD currency pair.
2) A rebound from the support area with further breakout of the triangle resistance is possible.
TA on the low timeframe:
1) the price is heading towards the triangle support. This is acceptable as long as the dollar indes stands still
2) A bullish bounce may follow from the support on the backdrop of the uptrend
3) I will wait for a breakout of the pattern resistance to open a trade
Key resistance📈: 1.36559
Key support📉: 1.36190
TA on the high timeframe:
1) The dollar index is going to rise, and so is the USDCAD currency pair.
2) A rebound from the support area with further breakout of the triangle resistance is possible.
TA on the low timeframe:
1) the price is heading towards the triangle support. This is acceptable as long as the dollar indes stands still
2) A bullish bounce may follow from the support on the backdrop of the uptrend
3) I will wait for a breakout of the pattern resistance to open a trade
Key resistance📈: 1.36559
Key support📉: 1.36190
❤️ Telegram channel: t.me/AndeWave
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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.
❤️ Telegram channel: t.me/AndeWave
İlgili yayınlar
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.