ninasimone

USD/CAD trade corridor approach

FX:USDCAD   U.S. Dollar/Canadian Dollar
18 0 0
A corridor in the price range 1.15662-1.16741 formed on USD/ CAD, 1.1666 is quite important resistance level. Buy level of 1.16750 becomes weaker as the trend movement continues for a long time, the price has repeatedly tried to break through this border, so for real trading I recommend to consider sell levels at 1.16400 and closer levels.
I trade using USD/CAD             trade corridor approach. Ranges of trade corridor are determined by last extrema on the hourly chart.

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