logo

FX.co ★ USDCAD H4 | Neutral Momentum?

USDCAD H4 | Neutral Momentum?

USDCAD H4 | Neutral Momentum?

The USD/CAD chart displays a neutral trend, suggesting price may range between the 1st support and resistance. The 1st support at 1.3472 aligns with the 127.20% Fibonacci extension, while the 2nd support at 1.3435 coincides with multiple Fibonacci levels. On the upside, resistances are at 1.3497 (pullback resistance) and 1.3539, which is a swing-high resistance matched with the 78.60% Fibonacci retracement.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Go to this author's articles Open trading account