Main Quotes Calendar Forum
flag

FX.co ★ USDCAD retesting 1st resistance, potential for further drop!

parent
Forex Analysis:::2020-08-14T09:44:49

USDCAD retesting 1st resistance, potential for further drop!

USDCAD retesting 1st resistance, potential for further drop!

Price is facing bearish pressure from our 1st resistance, where we could see a further drop below this level. A break below our downside confirmation target could provide the bearish acceleration to our first support target.

Trading Recommendation

Entry: 1.3233

Reason for Entry:

horizontal swing low

Take Profit :1.3166

Reason for Take Profit: 78.6% fib extension

Stop Loss: 1.3306

Reason for Stop loss:

61.8% fib retracement

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...