Good day traders,
Hump day of trading is here once more, Let’s hit the charts
1. USD/CAD
USD/CAD is currently on a key support level (1.29334). How it closes after the close of the 6 pm candlestick will determine a lot of things.
If the support is broken, we should see the bears take price to the next support level (1.28863) and if the presents support level is strong enough, we should see price bounce back to a previous resistance level(1.29993).
2. EUR/CAD
EUR/CAD has currently broken off a key support level (1.49920). There is a HIGH PROBABILITY that the bears would take price to the next key support level (1.48671)
Today’s setups are pretty straight forward because there was a form of CONFIRMATION
Do have a great day ahead
