USD/CAD: At this time the Direction of Highest Probability on

Tian Kriek

Analyst


February 24, 2021 03:22 PM

BEARISH

Daily Trading Range:
USD/CAD: At this time the Direction of Highest Probability on the Weekly chart is Bearish as price is below the red weekly counter trend line. There is a Down AB Boundary on the Daily chart and I expect price to retrace to the unhit .382 at 1.3044. If price moves below 1.2629 and a daily candlestick closes below 1.2629 then I shall assume that the Daily chart is also Bearish and could possibly move to the Fib 1.27 extension at 1.2336 Get this chart and analysis for free. Copy and Paste the following link in your browser: https://smarttrader.com/charts/tkriek/aod-ny-workspaces-24-feb/

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 1.5200
Resistance 2: 1.5000
Resistance 1: 1.4800
Current Price 1.2522
Support 1: 1.3000
Support 2: 1.2800
Support 3: 1.2500

Two Hour Chart

Two Hour Chart
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