Triangle formation on USDCAD
We have a confirmed and strong downside move on USDCAD.
Market tried breaking above on multiple times, but it then pulls back very quickly.
The way price closed just now indicates for a breakout, which most likely will be in the main direction.
If we get a close below previous low or a breakout of the triangle, we could expect to see market down at 1,1955!
At this level we have a yearly support. Be careful if you will be looking for lower values.
Market tried breaking above on multiple times, but it then pulls back very quickly.
The way price closed just now indicates for a breakout, which most likely will be in the main direction.
If we get a close below previous low or a breakout of the triangle, we could expect to see market down at 1,1955!
At this level we have a yearly support. Be careful if you will be looking for lower values.
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