Maintain within trend line and wait for CPI, retest 1.3750

Jul 15

🔔🔔🔔USD/CAD news:

➡️ The USD/CAD pair held steady around 1.3705 during early Asian trading on Tuesday.

➡️ Tariff threats may weigh on the Canadian dollar, as Canada remains a key trade partner and a major copper supplier to the United States.

➡️ , the Fed’s hawkish stance, keeping interest rates unchanged in July, continues to support the strength of the U.S. dollar.

➡️ However, Canada’s stronger-than-expected June employment data could help limit further downside for the Loonie.

Personal opinion:
➡️ USD/CAD will remain within the current uptrend zone and wait for CPI news from both countries.

➡️Analysis based on support resistance levels and EMA combined with trend lines to come up with a suitable strategy

Personal plan:
🔆Price Zone Setup:

👉Buy USD/CAD 1.3680 - 1.3670
❌SL: 1.3630 | ✅TP: 1.3740

FM wishes you a successful trading day 💰💰💰

Jul 16

Trade active

personal plan:
Hit + 60 pips from Buy 1.3670
Setup successfull

Jul 17

Trade closed: target reached

Complete the original plan

Hit max profit + 85 pips

Congratulation