Market Analysis of USDCAD on Thursday 20 SEPTEMBER 2024

2024-09-20 18:38Source:BtcDana

USDCAD TECHNICAL ANALYSIS SHORT TERM VIEW    


USDCAD  running in negative trend and its immediate strong resistance are 1.3577 to 1.3603 level .  Stop loss is 1.3648 level and it can fall towards 1.3465 level minimum   because of ABC pattern .Intraday purpose selling is better for targets 1.3555,1.3545 and 1.3530 levels respectively with stop loss 1.3648 level.


QUICK FUNDAMENTAL LOOK                                                                    


The USDCAD price action is experiencing high volatility in today's trading, following yesterday's bounce between support and resistance levels.


POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .

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