USD/CAD: No final result

imaxcare

Junior member
Messages
14
Likes
0
USD/CAD: (DAILY): From april the pair was heading north, but now it seems that the upmove has halted as currently the pair has broken upper trendline called B in chart, but it is near to the SUPPORT line which was earlier a resistance for the same.

As oscillator is in oversold zone, it seems like it may take support from the resistance turned support line ,but the trendline B will now be treated as resistance line.

usdcaddaily.gif
 

Attachments

  • usdcaddaily.gif
    usdcaddaily.gif
    29.8 KB · Views: 261
Top