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May 28, 2025

Trade ideas

USDCAD: Potential Trend Reversal

USDCAD, H4

USDCADH4.png

On the H4, USDCAD recovers after a decline, facing the 1.3840 resistance area.

The Aligator's lips cross the jaw upwards while the MACD breaks above the 0-line, suggesting an upside; however, the resistance level is still strong.

  • If USDCAD breaks above the 1.3840, it will rise to 1.3970;
  • A bounce off the resistance zone will bring the asset back to 1.3760.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Timur Yurdagyul

Author: Timur Yurdagyul

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