USD/CAD at Swing High Resistance

March 3, 2017

To end the week, we take a quick look at a 4 hourly level in the Loonie.

We haven’t featured USD/CAD on the blog for a while, so lets take a look at this major level on the 4 hourly that jumps out at us and put the pair in play.

USD/CAD 4 Hourly:
160303_usdcad_4hourly
Click on chart to see a larger view.

As you can see, the Loonie has shot back up to test resistance at swing highs from a month ago. Just look at how hard and fast price rejected out of the level that last time!

Is something similar on the cards again this time around?

Why not open a live forex account and trade your analysis?

Dane Williams – @VantageFX

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