USDCAD: Rebound

USDCAD, H4

On the H4, USDCAD, after a sharp fall, reached a critical support area and rebounded. DeMarker came out of the oversold zone, which makes a slight rise possible on a break above the AMA.

  • We may consider buying USDCAD on a break above 1.4350 with a target of 1.4480;

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