TradingView
FinancialGamblR
Jun 30, 2020 3:24 AM

USDCAD holds below the 1.36675 level, downward pressure ahead Short

USD/CADOANDA

Description

Strictly from a technical standpoint, we're seeing the 1.36675 level fail to hold. Price has tried to trade above this level multiple times, but each time it has dipped quickly below it. The initial target is at 1.3515 with a more optimistic outlook down to 1.3384 even. Won't be going too much into how I plan on scaling this trade, but we'll be observing the price action at the initial target to determine if we need to close out.
More