USDCAD Is Bullish! Long!

Here is our detailed technical review for USDCAD.

Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is approaching a significant support area 1.378.

The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.399 level.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

Like and subscribe and comment my ideas if you enjoy them!