empty
 
 
06.02.2023 10:19 AM
USD/CAD analysis for February 06 2023 - Potential for the downside rotation

Technical analysis:

This image is no longer relevant

USD/CAD has been trading sideways this morning at the price of 1.3413. I see potential for the downside breakout and downside rotation today.

Trading recommendation:

I found the resistance at the price of 1.3420 and there is the chance for the lower price towards downside objectives.

Watch for the potential selling opportunities with the downside objectives at 1.3345 and 1.3266.

MACD oscillator is showing bearish divergence, which is sign that upside is limited.

Resistance is set at the price of 1.3420

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $4000 more!
    In July we raffle $4000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback