With oil prices going to the floor, I am seeing no reason for any strength in the Loonie. Risk sentiment is recovering right now which should be USD supportive.
There is a NIce little demand zone right in the 38.2 pull back of today's rally on the 15m chart. I have a stop set below 61.8 and looking to take pips at the 127 extension. I am am in so we will see how she goes this afternoon.... It's Afternoon here in South Africa.
USDCAD
There is a NIce little demand zone right in the 38.2 pull back of today's rally on the 15m chart. I have a stop set below 61.8 and looking to take pips at the 127 extension. I am am in so we will see how she goes this afternoon.... It's Afternoon here in South Africa.
USDCAD
Comment:
Also there is a nice previous support level @1.3220 Therefore solid fundamentals and 3 technical reasons for the trade.