English
USDCAD January, 27 2020
Overview:
The pair is currently trading in a neutral zone, as it is preferable to wait for the pair until it reaches a good area to enter the market. We illustrate these areas as follows:
Expected:
In the event that the pair reaches the falling trend line shown on the chart above, we may sell on the condition that some negative signals appear below this level in order to target the 1.3100 level
Alternative Scenario:
On the other hand, we see that if the falling trend line is broken up, it could push this pair to rise to 1.3350
| Resistance | 1.3237 | 1.3300 | 1.3350 |
| Support | 1.3100 | 1.3050 | 1.3000 |
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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