Stronger U.S Dollar Weaken Other Currencies, Long USD/CAD?
Hello Fellow Global Forex Trader/Investor, Here's a Technical outlook on USDCAD!
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Chart Perspective
USDCAD has rebounded in the Classic support area. Simultaneously, The USDCAD is broken out of the bullish continuation pattern ( Falling Wedge ). Furthermore, The MACD Indicator starts making a golden cross, it signifies the potential bullish movement ahead to the target area.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/support area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the U.S. Dollar"
Support the channel by giving us a thumbs up and sharing your opinions in the comment below!
Chart Perspective
USDCAD has rebounded in the Classic support area. Simultaneously, The USDCAD is broken out of the bullish continuation pattern ( Falling Wedge ). Furthermore, The MACD Indicator starts making a golden cross, it signifies the potential bullish movement ahead to the target area.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/support area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the U.S. Dollar"
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