28 Mar
USDCAD Technical Analysis: Weekly Chart
In the weekly charts, USDCAD was trading in an up channel.
It is trading below all SMA.
The immediate support is 1.2444 & the resistance level is at 1.2546.
USDCAD was trading in the up channel before there is a breakout downside.
USDCAD Technical Analysis: Daily Chart
In the daily charts, USDCAD is trading in a down channel.
It is trading below all SMA.
The immediate support is 1.2449 & the resistance level is 1.2520.
USDCAD is trading in the down-channel until there is a trend reversal. Â
How to Trade USDCAD this Week:
USDCAD will follow the downtrend until their trend reversal. So, remain bearish on USDCAD.
