TradingView
Burdman
Jan 10, 2017 11:27 AM

USDCAD Long Long

U.S. Dollar/Canadian DollarFXCM

Description

The strong correlation with oil trading price (which is about to fall) would lead to a decline in CAD prices. MACD divergence and long wicks pointing down further make this risk/reward appealing.

Comment

Support held, a break of 1.3250 should remove resistance until 1.33. Buy!
Comments
jojofang0901
Nice trade setup, thank you for sharing your view on this pair. I have same idea as well.
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