USDCAD Technical Analysis and Article-Forex Factory Signals

USDCAD Technical Analysis and Article-Forex Factory Signals

I analysis on USDCAD pair I see that three supports and three resistance areas in USDCAD pair the first support is 1.3401 and the 2nd supports is 1.3362 and the 3rd supports is 1.3176 on the other side resistance first is 1.3619 and the 2nd resistance area is 1.3533 and the 3rd resistance is 1.3442. My analysis is on USDCAD pair if USDCAD cross above 1.3230 then USDCAD easily will reach 1.3300 in the last few days USDCAD broken the

through the resistance levels and has reached a target of 1.3270. IN this chart I see that USDCAD has reached the 38% Fibonacci retracement of the decline from 1.1356 and the 61.8% Fibonacci retracement level of the decline from 1.3432.

This is a very important resistance area. The support is fount in 1.3100 area if break below 1.3100 then USDCAD will go to 1.3000. If daily close above the 1.3270 area then USDCAD will reach to the 1.3355.

On the other hand, any failure in closing above the low end could send the pair towards 1.3166.

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