USDCAD Medium term Trendline break

USDCAD managed to break the medium term trendline that acted as a springboard from October. As long as we get a close below the trendline we target previous swing lows at the 1.3379 area and then support at 1.3300-1.3266 area. Please have a look at the related idea for a longer term possible outlook. A close above the downward sloping trendline means trouble for shorts

Komentarz:

Inside day formed yesterday. A break below yesterday's low or above yesterday's high should see some follow through for a day trade. Longer term levels are the trend line above and swing lows coming in at 1.3266

Komentarz:

Broke Inside Day lows

Komentarz:

USDCAD coming into area of support. Should be stops below 1.3265 (previous swing low)

Transakcja zamknięta: osiągnięto wyznaczony cel:

Pre-NFP target hit

Komentarz:

PA slowed down right inside the area of support. A clean break lower should target the lower bound of the channel

Komentarz:

USDCAD tagged lower bound of the channel as discussed and bounced into previous support area(now resistance area)