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Weekly Timeframe:
Daily Timeframe:
UsdCad Weekly time frame: Approaching strong areas of weekly resistance 1.33250 key quarterly psychological. Our moving averages have crossed and price action is looking bullish. We can anticipate a break or bounce situation.
Daily time frame: Would like to see more price action to determine true direction. if price manages to stay below this area we can look to short back to 1.31750 our even 1.30250 key psych. If price manages to break and close above 1.33250 we can anticipate 1.34750 or even 1.36250.