Cabana Capitals Blog Technical Analysis Either a rebound or a breakout imminent on USDCAD

Either a rebound or a breakout imminent on USDCAD

Either a rebound or a breakout imminent on USDCAD post thumbnail image

The price of USDCAD in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.

Supported by Upward sloping Moving Average

Target: 1.3614 Entry: 1.3593 Stop: 1.3582

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