What is next for USD/CAD?

30 thg 12, 2021

USDCAD

Can USD/CAD continue the daily uptrend after hitting recent resistance around the 1.2950 area?

We are watching key support levels, EMA 21 indicator, and candlesticks for confirmation.

Daily Chart Notes: uptrend, hit recent resistance, then pullback to EMA 21.

4HR Chart Notes: Any break of recent support, especially SMA 200, then look for reversal pattern forming.

Monitor: Candlesticks forming
Assess: Direction of trend
Execute: Wait for signal for confirmation to execute.