Weekly overview USDCAD

2020-03-02 14:52:36

Hello Traders ,

Looking at daily chart we can see that price has broken above daily resistance and currently is retesting it as a support ,

Our strategy for this week :

We will wait for confirmation of support and potential bounce from current levels in order to look for long continuation setup ,

Inversely if we see current candle closing below support level , then we may consider it rejection of breakout and look for short setups.

Follow us for more updates.