UsdCad to break resistance
Since last year's low at around 1.2, UsdCad has traded upwards, putting in higher lows on our daily chart.
In the past month, the pair is staying in a range, but the pressure is to the upside and a break of resistance looks imminent.
Buying dips under 1.3 can be a good strategy and bulls who target 1.35 next important resistance with a swing trade can have a more than 1:3 R: R for the trade.
A break back under 1.28 would negate this scenario.
In the past month, the pair is staying in a range, but the pressure is to the upside and a break of resistance looks imminent.
Buying dips under 1.3 can be a good strategy and bulls who target 1.35 next important resistance with a swing trade can have a more than 1:3 R: R for the trade.
A break back under 1.28 would negate this scenario.
Uwaga
Back above 1.3Bullish more and more clear
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