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FX.co ★ USD/CAD analysis for November 19, 2019 - Strong rejection of the main pivot suport at the price of 1.3195, watch for buying opportunities

USD/CAD analysis for November 19, 2019 - Strong rejection of the main pivot suport at the price of 1.3195, watch for buying opportunities

USD/CAD rejected from my main multi-pivot support at the price of 1.3195. I do expect further upside movement and potential test of resistance at 1.3268.

USD/CAD analysis for November 19, 2019 - Strong rejection of the main pivot suport at the price of 1.3195, watch for buying opportunities

My advice is to watch for potential buying opportunities on the dips on the lower frames 15/30 minutes time-frame with the main target at the price of 1.3268.

MACD oscillator is showing bullish divergence on the 4H time-frames, which is good sign that sellers went "too short" and that buyers started with buying orders.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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