Veja também
25.08.2023 08:33 PM
Yellow line- bearish RSI divergence
green lines- wedge pattern
USDCAD is trading around 1.3605 after making a new higher high today at 1.3638. The new higher high in price was not followed by a higher high in the RSI. On the contrary the RSI made a new lower high forming another bearish divergence. We are going to repeat our view from our last analysis on USDCAD. At current levels we believe there is limited upside potential and the chances of a reversal are high. Support is found at the lower green trend line at 1.3540. A break below this level will increase dramatically the chances of confirming a reversal in short-term trend. USDCAD justifies a pull back towards 1.3450 at least. At current levels we prefer to be neutral if not bearish.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
