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Mar 6, 2023 9:37 AM

CAD - Trade idea!  

U.S. Dollar / Canadian DollarFOREX.com

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CAD - Trade idea!

Another week, another trade opportunity!

USDCAD - Very clear levels.

Currently we are within the ranges. Highs: 1.36600 Lows: 1.35375

A break of key resistance highs, we could go towards 1.37730 areas. However, we if break below the lows and further down below 200 EMA I expect it to reach towards 1.34380.

Keep in mind false breaks out, take a look at crude and most importantly NFP this week!

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