USDCAD - Intraday - We look to Sell at 1.3280 (stop at 1.3315)
Posted Mixed Daily results for the last 9 days. Trades with a bearish descending triangle formation. Rallies continue to attract sellers. The trend of lower highs is located at 1.3285. A break of bespoke support at 1.3233, and the move lower is already underway. The formation has a measured move target of 1.3157.
Our profit targets will be 1.3160 and 1.3140
Resistance: 1.3280 / 1.3289 / 1.3310
Support: 1.3233 / 1.3157 / 1.3140
Posted Mixed Daily results for the last 9 days. Trades with a bearish descending triangle formation. Rallies continue to attract sellers. The trend of lower highs is located at 1.3285. A break of bespoke support at 1.3233, and the move lower is already underway. The formation has a measured move target of 1.3157.
Our profit targets will be 1.3160 and 1.3140
Resistance: 1.3280 / 1.3289 / 1.3310
Support: 1.3233 / 1.3157 / 1.3140
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