USD/CAD Forecast: loonie is wandering in the channels

prognoz dollar3On the USD/CAD daily chart, Wolf wave are still relevant. The diagonal line of resistance shifted lower due to the formation of a new fractal.

A necessary condition for the restoration of “bullish” trend is the successful test of 1.3220 and 1.3305 levels. The nearest support can be found near the 1.3 level.

On the USD/CAD hourly chart, a successful test of the resistance at 1.315 followed by the quotes’ exit from the descending trading channel will allow “bulls” to regain their confidence. But first, they will have to keep quotes above the 1.3125 mark (38.2% level of the AB wave).

Recommendation: BUY 1,315 SL 1,3095 TP 1,3305.

Origin: FX BAZOOKA

Рейтинг FOREX брокеров

Рекомендуемые брокеры


 

Leave a Reply