USDCAD- 26Apr2022
On the daily, USDCAD confirmed above the ascending trendline yesterday. Downside triangle target was invalidated.
On the H4, price faced bearish pressure from the 1st Resistance and is now pulling back. With H4 RSI and Stochastic at resistance, we could expect USDCAD to pull back to at least 1st Support at 1.26550.
Disclaimer: This is for personal work record purposes only, not trade / financial advise or solicitation of trade.
On the daily, USDCAD confirmed above the ascending trendline yesterday. Downside triangle target was invalidated.
On the H4, price faced bearish pressure from the 1st Resistance and is now pulling back. With H4 RSI and Stochastic at resistance, we could expect USDCAD to pull back to at least 1st Support at 1.26550.
Disclaimer: This is for personal work record purposes only, not trade / financial advise or solicitation of trade.