Aurum Markets Blog Technical Analysis Either a rebound or a breakout imminent on USDCAD

Either a rebound or a breakout imminent on USDCAD

Either a rebound or a breakout imminent on USDCAD post thumbnail image

USDCAD is approaching a support line at 1.4366. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn around back to current levels.

Supported by Downward sloping Moving Average

Target: 1.4366 Entry: 1.452 Stop: 1.4608

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