Mon, Jan 19, 2026 10:39 GMT
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    HomeContributorsTechnical AnalysisUSD/CAD Attracted By Confluence Area

    USD/CAD Attracted By Confluence Area

    Price plunged in the yesterday’s session and now is expected to hit the confluence area formed at the intersection between the median line (ml) of the minor descending pitchfork with the fourth warning line (wl4). The retreat could be temporary if the US data will come in better today, only some good numbers will save the greenback from the downside. A rebound is favored from the mentioned levels if the economic figures will impress.

    MultiBank Exchange Group
    MultiBank Exchange Grouphttp://www.mexgroup.com
    Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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