USDCAD - Retest of the breakout level
USDCAD - Intraday - We look to Sell at 1.3274 (stop at 1.3304)
Ichimoku cloud resistance comes in at 1.3295. Levels above 1.3295 continue to attract sellers. Our bespoke resistance of 1.3254 has been clearly broken. Price action has formed an expanding wedge formation. The medium term bias remains bearish. Reverse trend line resistance comes in at 1.3278. Bespoke resistance is located at 1.3274.
Our profit targets will be 1.3198 and 1.3150
Resistance: 1.3274 / 1.3295 / 1.3345
Support: 1.3240 / 1.3198 / 1.3096
Ichimoku cloud resistance comes in at 1.3295. Levels above 1.3295 continue to attract sellers. Our bespoke resistance of 1.3254 has been clearly broken. Price action has formed an expanding wedge formation. The medium term bias remains bearish. Reverse trend line resistance comes in at 1.3278. Bespoke resistance is located at 1.3274.
Our profit targets will be 1.3198 and 1.3150
Resistance: 1.3274 / 1.3295 / 1.3345
Support: 1.3240 / 1.3198 / 1.3096
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