USDCAD- 24Mar2022
On the H4, price is still at confluence Fib support around 1.25440. It is oversold and due for a short term bounce. With H4 Stochastic indicating negative bullish divergence , we could expect USDCAD to have a short-term bounce to at least 1st Resistance at 1.26310.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the H4, price is still at confluence Fib support around 1.25440. It is oversold and due for a short term bounce. With H4 Stochastic indicating negative bullish divergence , we could expect USDCAD to have a short-term bounce to at least 1st Resistance at 1.26310.
This is for personal record purposes only, not financial advise or solicitation of trade.
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