USD/CAD analysis for August 23, 2018
Recently, the USD/CAD pair has been trading upwards. The price tested the level of 1.3047. According to the M30 time – frame, I found broken support trendlines in the background, which is a sign that buyers are in control. I also found rejection from a strong support pivot cluster around the price of 1.2985. My advice is to watch for buying opportunities. The upward targets are set at the price of 1.3067 and at the price of 1.3090.
Trading recommendations for today: watch for potential buying opportunities.