USDCAD weekly is currently having a buy pressure from the monthly Support at 1.20310, there has been a break in trend line around the 1.24399 area, although price is still below the EMAs , I expect a possible retracement to 1.234 before a possible buy pressure , in another scenario, price may keeping pushing higher without retracement, but my over bias is bullish until price the 50 fib level at 1.3283 . In coming days, I would be taking more of bullish signals, and if I would take any bearish trades, I would be scalping. If price doesn’t go in the direction of my bias, I would be looking at other pairs for possible better trades.
Disclaimer: What I have shared above is not a financial or investment advice, it’s for educational purposes only, whatever trading decision you make is at your own risk.
已編輯 11 Jul 2021, 01:05
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