Jun
11

USD/CAD D1 Technical June 11

USD/CAD manage to hold its support 1.0160 level and move upward. As pair has break its resistance 1.0233 level now next target will be 1.0290. Bollinger bands are also showing buy signals for the pair.

Price action on 1.0290 level should be carefully watch H4 and D1 candle chart are showing group of sellers in this zone. So, if pair get a pull back from 1.0290 level and H4 candle closure below this level then USD/CAD will dropped again towards 1.0233-200 level.

The scenario will be change, If USD/CAD manage to break 1.0290 level and H4 or D1 candle chart closure above resistance level. It will then show more bullish potential that will take USD/CAD high towards north.

 

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