Divergence on USD/CAD

Divergence on USD/CAD

Since the beginning of this week, the bearish sentiment has been prevailing on USD/CAD. The drop in quotations exceeded 250 points. At the moment, there is a corrective movement. A quite strong reversal formation of technical analysis – price and MACD histogram divergence – was formed on the market. It is necessary to pay attention to this situation.

We recommend considering buying USD/CAD if the price fixes above the round level of 1.33000. The immediate goal for profit taking is 1.33500. Within a few days, the USD/CAD quotes can reach 1.33900-1.34000.

by JustForex, 2017.06.15

Este artículo representa una opinión personal y no debe interpretarse como un consejo de inversión, y/u oferta, y/o una petición persistente para llevar a cabo transacciones financieras, y/o una garantía, y/o un pronóstico de eventos futuros.

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