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Farooq

Technical Analysis – USDCAD _ 12-03-2019

HomeTechnical AnalysisTechnical Analysis – USDCAD _ 12-03-2019
12
Mar
Technical Analysis – USDCAD _ 12-03-2019

Stochastic is moving within the oversold area and the RSI is trying to base itself on the midline 50, so that the possible bullish scenario remains valid with the upside of the upsidedown head and shoulders pattern shown on the chart to be the next targets around 1.3545 as the second target and then the 1.3655 resistance as the third target.
A break of support 1.3330 – 1.3300 could weaken the mentioned pattern and it could press the pair to test support at least 1.3225.


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