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