Cabana Capitals Blog Technical Analysis A potential bullish movement on USDCAD

A potential bullish movement on USDCAD

A potential bullish movement on USDCAD post thumbnail image

USDCAD is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 12 days and may test it again within the next 2 days.

Supported by Upward sloping Moving Average

Target: 1.3861 Entry: 1.3794 Stop: 1.3725

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