USDCAD-BUY strategy 12 hourly chart - Regression channels

61
The pair seems to be in a corrective mode currently. The 90-min chart still has some underlying weakness, but overall we are improving. I feel we may have a chance to test 1.3990 and en-route 1.4078 recovery level.

Strategy BUY @ 1.3875-1.3900 and take profit near 1.4067 for now.

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.