USDCAD testing support, potential to rise further!

١٩ أبريل ٢٠١٨

Price is testing its support at 1.2627 (76.4% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 1.2730 (61.8% Fibonacci extension, 50% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal pullback resistance). If it breaks past this level, it could rise further to 1.2829 (76.4% Fibonacci retracement, 50% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance).
RSI (89) shows a bullish breakout as well as a bullish divergence with price which contributes to our bullish bias.

٢٣ أبريل ٢٠١٨

أغلقت الصفقة: تم الوصول للهدف

USDCAD broke out of its descending resistance line and moved past our first profit target!