USD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar. Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis. Our expert industry insights will...
USDCAD Long Setup 👉🏻 Price broke out of an Ending Diagonal and tested the support zone. 1:2 Risk to Reward Ratio.
USDCAD Long Setup Continuation trade: 👉🏻 As mentioned, Wave-3 will extend to 2.618 once 1.618 is broken. Now we may wait for a corrective move to complete Wave-4. Potential pullbacks are marked above, which are also levels that the previous high may act as support.
USDCAD Long Setup 👉🏻 We have captured some pips last week. Now market has given us a second chance with an excellent risk to reward position on USDCAD. We could see price to test the 61.8% in the lower timeframe before going long, which is from the 1.26350 level.
USDCAD Long Setup The minor support has been very strong for a week now.
USDCAD Long Setup Price has formed an ABC correction and has corrected to the 0.618 region. Price could rise from this level with the invalidation level being the previous low.