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Farooq

Technical Analysis – USDCAD_ 12-02-2019

HomeTechnical AnalysisTechnical Analysis – USDCAD_ 12-02-2019
12
Feb
Technical Analysis – USDCAD_ 12-02-2019

Stability above 1.3230 – 1.3210 supports the potential bullish scenario with targets around 1.3370 as the first target, then 1.3515 as the second target and then the last summit around 1.3660 as the third target.

A break and support break of 1.3175 with four-hour closing might be enough to derail the upside scenario and could then target 1.3070 as the first target, and a breach could extend further towards 1.2915 as a second target and then 1.2780 as a third target.


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