#OPINIONLEADER#
USDCAD OUTLOOK !!!
highlighting a key spot of support at the 1.3250 psychological level that was holding the lows in the pair. That led to strength as price pushed back above the 1.3350 level; and after a pullback with a print at a higher-low, bulls pushed up to another high.
This keeps the door open for bullish trends in USD/CAD. There’s a large area of resistance sitting overhead at the 1.3470-1.3525 area. This was support in October and early-November, so the next push up to resistance in that area could be looked to for pullback potential, after which higher-low support potential comes back into the equation.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
-THE END-