Repeat Trade. Buy USDCAD at 1.3193 with a stop at 1.3171 and TP of 90 pips.
the 2 day slope has reversed, and though the 37 day trend remains down, USD has reached a resistance point. We should see a retrace upto the 37 day trendline - 1.3358 approximately.
the 2 day slope has reversed, and though the 37 day trend remains down, USD has reached a resistance point. We should see a retrace upto the 37 day trendline - 1.3358 approximately.
Trade closed manually:
Momentum continues to be bearish with no buying interest even though the USD appears to be oversold.