ByLCMS Traders FX Analysis Team
JUL 8, 2021
USD/CAD bulls run is continuing as the pair moved up to 1.2571 ahead of the European session. Currently, the 1.2600 is likely to act as a stiff resistance area while the next hurdle would be at 1.2633. The intraday support levels are at 1.2534 and 1.2500.
On the intraday charts, the price pattern is strongly bullish. The pair is keeping above the moving averages, the SMA-14 support line is at 1.2378 and the SMA-50 support area is at 1.2205. The RSI is at 67 and the MACD is above the middle line and supportive of the bulls. The uptrend has accelerated after bulls managed to breach above 1.2500 level and it seems that the pair is likely to gain further which makes it ideal to buy the pair on small dips using the following levels.
Direction: Buy
Entry: 1.2535
Take Profit: 1.2590
Stop-Loss: 1.2490
An intraday closing above 1.26000 would keep the upwards momentum going meanwhile on the downside, bears require a sustained price action below 1.2470 to get back some control.
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
暂无评论。 来发表第一条观点吧。