winerstep
Long

USD CAD LARGE VISION FOR THIS WEEK

FX:USDCAD   U.S. Dollar/Canadian Dollar
a month ago
USD/CAD             Daily Chart

I think a retracement to the 20-EMA might offer a good level to enter into a long trade on this pair. If the price fails to retrace to this moving average and starts to resume the uptrend, we could look to smaller timeframes like the 4-hour or hourly charts to fine-tune a long entry.


The aggressive decline in the oil             price over the last two weeks has put a lot of pressure on the Canadian dollar             . This has helped the USD/CAD             a lot because the US dollar             has been considerably weak over the last couple of days.
a month ago
Comment:
snapshot
a month ago
Comment: TP1 AND TP2 WAS REACHED PERFECTLY
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