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