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17.09.202107:53 Forex Analysis & Reviews: USDCAD holding below descending trendline resistance! Potential for drop!

Exchange Rates 17.09.2021 analysis

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

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On the H4 timeframe, is abiding to the ascending channel on the daily, signifying an overall bullish momentum. We can now expect price to bounce from 1st Support in line with 78.6% Fibonacci retracement and 78.6% Fibonacci projection towards 1st Resistance in line with 61.8% Fibonacci projection.
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NZDUSD Bullish bounce | 21th Jan 2022
On the H4 timeframe, prices are consolidating in a parallel channel and on bearish momentum. We see the potential for a bullish bounce from our 1st support at 0.67151 in line with 161.8% Fibonacci projection and 78.6% Fibonacci Retracement which is a graphical swing low and in line with our.
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