The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
As we mentioned in our previous post, USDCAD has reached the key upward sloping support trend line at 1.2580 and is now bouncing higher. Respecting this trend line is a bullish sign, but at the same time increases the importance of the trend line that is so far tested and respected many times.
With USDCAD at 1.2665 medium-term trend remains bullish as price continues to respect the support trend line. Short-term trend is changing to bullish again as price starts making higher highs and higher lows. As long as price is above the recent lows at 1.2580 we remain bullish USDCAD expecting a test of the 1.29 level.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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