SussexSmile
Long

USD/CSD Bounce off 0.618 and trendline

FX:USDCAD   U.S. Dollar / Canadian Dollar
TECHNICAL
USD/CAD bounced off the 0.618 fib retracement of 1.29514 and 1.31516 and also bounced off the trendline .. 1.3025 holding as support for now.

FUNDAMENTAL
Crude oil is also falling and upside limited to 43.20. USD/CAD is inversely related to Crude, it Crude falls, the Canadian dollar falls and USD/CAD raises

PS: FOMC meeting minutes due later today, so be careful taking this trade but risking 35 pips for a 100 pips (test of 1.3150) is worth it.

Your risks are defined
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out