USD/CAD Weekly Outlook

2019年5月6日

Last week this pair saw a break of the bull trend line. It retested the trend line 3 times and failed on the fourth where the yellow highlighted zone is. This to me shows even more slowing bullish momentum and a bearish bias. The lower trend-line is my confirmation trend-line. I am waiting for a break and retest to the great highlighted zone before the first downside target of 1.33780. If that breaks I see It continuing to the next support of 1.32750.

2019年5月6日

注释

This is an analysis trade at your own risk with proper risk management.

Happy Trading!

2019年5月7日

注释

Failed to break the trendline waiting to see if the yellow rectangle of resistance is broken or we see a push back down and then the move happen.