Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

USD/CAD analysis for July 03, 2018

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Recently, USD/CAD has been trading downwards. As I expected, the price tested the level of 1.3142. According to the H1 time frame, I found a breakout of the bearish flag pattern, which is a sign that sellers are in control. I also found a strong downward trend in the background and my advice is to watch for potential selling opprtunities. The downward target is set at the price of 1.3060.

Resistance levels: R1: 1.3226R2: 1.3263 R3: 1.3300

Support levels: S1: 1.3150S2: 1.3111S3: 1.3075 Trading recommendations for today: watch for potential selling opportunities.

The material has been provided by InstaForex Company – www.instaforex.com

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