Divergence on USD/CAD

Divergence on USD/CAD

On the USD/CAD currency pair there is a downward trend for quite a long time. Nevertheless, in the near future, a technical correction may develop. A strong reversal formation was formed in the trading instrument – price and MACD divergence timeframe (H1 timeframe). The local resistance is the level of 1.26800. We recommend you to pay attention to this situation.

If the price fixes above the level of 1.26800, you need to look for entry points to the market to open long positions. The movement is tending potentially to the local offer zone of 1.27400-1.27650.

by JustForex, 2017.07.17

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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