USDCAD
Pair is extremely oversold, currently hovering above the lower boundary of the channel, which is the support and solid horizontal level, indicator showing divergence.
Targeting upper boundary of the channel at 1.2490.
Stop at 1.2220
Pair is extremely oversold, currently hovering above the lower boundary of the channel, which is the support and solid horizontal level, indicator showing divergence.
Targeting upper boundary of the channel at 1.2490.
Stop at 1.2220
Comment:
The main move is unfolding, I am expecting some resistance at 1.24 before UC will test trend resistance line.
Trade closed: stop reached