USDCAD January, 27 2020

Technical Analysis
Monday, January 27, 2020 - 13:14
Point Trader Group
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

 

 

Resistance1.32371.33001.3350
Support1.31001.30501.3000

 


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