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rizsardar
Mar 13, 2019 2:17 AM

USDCAD - Breakdown Education

U.S. Dollar/Canadian DollarFXCM

Description

Key support at price level of 1.335..

Depending on how this key level holds, a push up to the upper trendline before a sell-off where I will be looking to take a short trade.

If no bullish momentum towards the upside can be spotted, then a short trade towards lower trendline is a possibility along with other confluences.

Other confluences to keep an eye on: DXY, OIL.
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