#USDCAD - H1
📣 Looking at the 1-hour timeframe, there is an expectation of a price increase towards the range of 1.3610 with the breakout of the resistance level around 1.3557.
⛔ Stop Loss: 1.3520
On the other hand, with the breakdown of the range of 1.3520, one can consider selling with a target of 1.3470.
⛔ Stop Loss: 1.3557
Please note that trading decisions should be made based on thorough analysis, risk management, and your individual trading strategy. It's always recommended to consult with a financial advisor or utilize the resources provided by your preferred broker for further guidance.
Disclaimer: The above analysis is for informational purposes only and should not be considered as financial advice.
📣 Looking at the 1-hour timeframe, there is an expectation of a price increase towards the range of 1.3610 with the breakout of the resistance level around 1.3557.
⛔ Stop Loss: 1.3520
On the other hand, with the breakdown of the range of 1.3520, one can consider selling with a target of 1.3470.
⛔ Stop Loss: 1.3557
Please note that trading decisions should be made based on thorough analysis, risk management, and your individual trading strategy. It's always recommended to consult with a financial advisor or utilize the resources provided by your preferred broker for further guidance.
Disclaimer: The above analysis is for informational purposes only and should not be considered as financial advice.
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