USD/CAD: There is an up AB Boundary on the Weekly chart

Tian Kriek

Analyst


July 7, 2020 07:04 AM

BEARISH

Daily Trading Range:
USD/CAD: There is an up AB Boundary on the Weekly chart however price is retracing inside the up AB Boundary. Next support is at 1.3130. There is a new Down AB Boundary on the Daily chart and price is retracing inside the new Down AB Boundary. This means that the Direction of Highest Probability is Bullish on the Daily Chart. Get this chart and analysis for free. Copy and Paste the following link in your browser: https://smarttrader.com/charts/tkriek/tk-aod-workspaces-7-jul/

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 1.5200
Resistance 2: 1.5000
Resistance 1: 1.4800
Current Price 1.3577
Support 1: 1.3000
Support 2: 1.2800
Support 3: 1.2500

Two Hour Chart

Two Hour Chart
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