Consolidating Thursday presents us with USD/CAD

Hello Traders,

A quick look at our charts for trading opportunities.

 

 

1. USD/CAD

On the daily chart, the USD/CAD is re-visiting a key support level (1.32358) after rejected by resistance level 1.33236.

Hopefully, before the trading week comes to an end, price will dictate to us if the bulls are strong enough to take price back up to previous resistance level 1.33236 or the bears will continue to dominate the market.

This we may most likely see by the close of Thursday’s daily candlestick.

It’s a setup that will favor the patient.

 

Join us again tomorrow for another review of the market

Do have a great day ahead fam.


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