dasnakepit

USD/CAD Possible Long-term Opportunity

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
3
Will be waiting for more conviction on lower time frames for entry. Will probably wait for a FOMC surprise and/or an oil breakout to the downside. Since USD/CAD and EUR/CAD are both at support and oil is at resistance, I will anticipate an oil drop to drive the CAD lower.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.