gdf_fx

USDCAD New Bullish Trend Forming

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
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2
  • USDCAD has been in a bullish trend for months which broke in January.
  • We now see a bullish trend which has formed since May
  • Bullish on this pair up to the previous trend support point that confluences with R2
  • At this point roughly 1.398 i expect a break confirming the bullish trend continuing OR further sharp selling retesting the S2 and possibly S3 level