USDCAD Breaks Above Downtrend Line

<p><img width="612" height="393" src="https://www.actionforex.com/wp-content/uploads/2020/03/f-cad52.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.actionforex.com/wp-content/uploads/2020/03/f-cad52.jpg 612w, https://www.actionforex.com/wp-content/uploads/2020/03/f-cad52-600×385.jpg 600w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>USDCAD surges after breaking a downtrend line MACD and RSI detect positive momentum A dip below 1.3345 is needed to turn the picture bearish again USDCAD traded sharply higher today, after it broke above the downtrend line drawn from the high of November 1. The pair is currently respecting a new shorter-term upside support line […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/535527-usdcad-breaks-above-downtrend-line/">USDCAD Breaks Above Downtrend Line</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *