Cabana Capitals Blog Technical Analysis Support line breached by USDCAD

Support line breached by USDCAD

Support line breached by USDCAD post thumbnail image

USDCAD moved through the support line of a Triangle at 1.3535681395348838 on the 4 hour chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 1.3483.

Supported by Downward sloping Moving Average

Target: 1.3483 Entry: 1.3536 Stop: 1.3589

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