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Hello community!
Today I will make my prediction for next week's USD/CAD and tell you what it will be going on with... but it is just my opinion, of course
At this right moment USD/CAD mark: 1.2911.
Next fisrt movement: upside until 1.3040. If this mark were broken then next movement will be close to 1.3240. If not it will return to 1.2851. 1.2851 is the floor. It is being a massive support since Jun/2015 and strong resistance between Jan and Apr 2015.
Look at the Weekly chart below: RSI and support line are clear. this pair is oversold and has a massive support line around 1.2851.
Now you 2 options: buy at this moment or wait if you think that it will be touch 1.2850 again in a short period and buy at that point.
Today I will make my prediction for next week's USD/CAD and tell you what it will be going on with... but it is just my opinion, of course
At this right moment USD/CAD mark: 1.2911.
Next fisrt movement: upside until 1.3040. If this mark were broken then next movement will be close to 1.3240. If not it will return to 1.2851. 1.2851 is the floor. It is being a massive support since Jun/2015 and strong resistance between Jan and Apr 2015.
Look at the Weekly chart below: RSI and support line are clear. this pair is oversold and has a massive support line around 1.2851.
Now you 2 options: buy at this moment or wait if you think that it will be touch 1.2850 again in a short period and buy at that point.
