The USDCAD has rallied strongly as visible in this daily chart (D1). This currency pair has formed a rising wedge formation which is a reversal pattern and marked by red lines in the above chart. We expect the USDCAD to correct back down into its horizontal support zone which is marked in blue. The current horizontal support zone is a very important one as it used to be a strong resistance zone and heavy trading around those levels should be expected. see More -
USDCAD - Dec. 3 - Get your Entry Levels, Stop Loss and Take Profit Targets now!
Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities.
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