USDCAD Daily Analysis – Thursday, June 28


USDCAD continued its sideways movement in the trading range between 1.3259 and 1.3385.

As long as 1.3259 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.2856 and one more rise towards 1.3450 is still possible after the consolidation.

On the downside, a breakdown below 1.3259 support would indicate that the upside movement had completed at 1.3385 already, then deeper decline to 1.3100 area could be seen.

USDCAD 4-hour chart

Reviews

  • Total Score 0%
User rating: 0.00% ( 0
votes )



Leave a Reply

Your email address will not be published. Required fields are marked *