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Jan 22, 2019 5:58 PM

USDCAD Buy above 1.33540 Long

U.S. Dollar/Canadian DollarFXCM

Description

USDCAD pair after taking a swing low in last week, has been recovering and seems to make breakout 1.33540, once pair breaks that level will target the level of 1.34463, 1.33540 the level 50MA. Pair has made breakout today, but entry to be taken on close above the 1.33540, Other indicators such as RSI and MACD crossover seems to happen soon Favorable entry would be long above 1.33540 with Target 1.34463 SL 1.32920 (closing basis) on daily chart.

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