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17feb22

USDCAD- 17Feb2022USDCAD- 17Feb2022 On the H4, USDCAD once again faced bearish pressure from descending trendline and Fib confluence resistance at 1.27675. USDCAD is consolidating within a channel for now. For further upside to take place, price has to close above the descending trendline and 1st Resistance at 1.27675. For the downside case, price have to make a clear break below the 1.26650 before it could go lower. This is for personal record purposes only, not financial advise or solicitation of trade.
by TTMFS
GBPUSD- 17Feb2022GBPUSD- 17Feb2022 On the daily, price have rebounded above 20EMA and descending trendline on the back of higher than expected UK CPI data. Price looks like it wants to bounce higher to retest the 200MA at 1.3688. On the H4, price flirted with the descending trendline once again before facing bearish pressure and closed lower. In order to have further bullish momentum, GBPUSD have to break above the descending trendline and 1st Resistance at 1.36110 first. This is for personal record purposes only, not financial advise or solicitation of trade.
by TTMFS