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

Tian Kriek

Analyst


April 29, 2021 05:10 AM

BULLISH

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 price moved below the B-Low at 1.2629 and could fall as low as 1.2336 which is the Fib 1.27 extension. I am not going to participate in selling the USDCAD as I deem the USDOLLAR as oversold. Get this chart and analysis for free. Copy and Paste the following link in your browser: https://smarttrader.com/charts/tkriek/aod-ny-workspaces-29-apr/

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 1.5200
Resistance 2: 1.5000
Resistance 1: 1.4800
Current Price 1.2510
Support 1: 1.3000
Support 2: 1.2800
Support 3: 1.2500

Two Hour Chart

Two Hour Chart
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