USD/CAD: loonie is on a holiday

USD/CAD: loonie is on a holiday

On the USD / CAD daily chart, the bulls failed to test the resistance at 1.3405. This led to the formation of the consolidation range 1.328-1.341. A breakout of the lower border of the upward trading channel followed by successful tests of the supports at 1.3305 and 1.328 will send quotes lower. In contrast, a successful test of the resistance at 1.3405 can lead to the transformation of the "Shark" pattern into 5-0 and restoration of the uptrend. 

On the USD/CAD hourly chart, there is consolidation in the range of 1.328-1.34. Traders should bet on a breakout of its upper or lower borders.

Recommendation: BUY 1,34 SL 1,3345 TP 1,352, SELL 1,328 SL 1,3335 TP 1,312. 

cad

Similar

Oil is in the arena

Oil is always the hottest topic. Other markets may be steady, however, the oil one never is.

oil

Popular

Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera