USD/CAD: The Weeky counter trend line was broken to the upside

Tian Kriek

Analyst


September 17, 2020 12:10 PM

BULLISH

Daily Trading Range:
USD/CAD: The Weeky counter trend line was broken to the upside suggesting that price is getting ready to move from the C to the D. I just need to wait for the current Weekly candlestick to close to confirm the break. USD Strength combined with Weakening OIL could fuel the potential rally to the upside Get this chart and analysis for free. Copy and Paste the following link in your browser: https://smarttrader.com/charts/tkriek/tk-aod-workspaces-16-sep/

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 1.5200
Resistance 2: 1.5000
Resistance 1: 1.4800
Current Price 1.3115
Support 1: 1.3000
Support 2: 1.2800
Support 3: 1.2500

Two Hour Chart

Two Hour Chart
10 Keys to Successful Forex Trading