Cabana Capitals Blog Technical Analysis Should we expect a breakout or a rebound on USDCAD?

Should we expect a breakout or a rebound on USDCAD?

Should we expect a breakout or a rebound on USDCAD? post thumbnail image

USDCAD is moving towards a key support level at 1.3822. This is a previously tested level for USDCAD. This could be a good trading opportunity, either at the spot price, or after breaching this level.

Supported by Downward sloping Moving Average

Target: 1.3822 Entry: 1.3878 Stop: 1.3909

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