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Tuesday, December 29, 2020

USDCAD short view

USDCAD short view

On the four-hour time frame, we see that the pair made a break outside the falling channel by retesting the zone around 1.3000, while on the underside, it found support at 1.27000. It supports moving averages MA50 and MA100, but probably only in the short term to MA200, which coincides with the retest zone around 1.29500-1.30000. By the end of the year, we probably won't see any drastic shift on this pair.

from Trading Ideas
via gqrds

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