Mihai_Iacob

UsdCad to break resistance

Long
Mihai_Iacob Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Since last year's low at around 1.2, UsdCad has traded upwards, putting in higher lows on our daily chart.
In the past month, the pair is staying in a range, but the pressure is to the upside and a break of resistance looks imminent.
Buying dips under 1.3 can be a good strategy and bulls who target 1.35 next important resistance with a swing trade can have a more than 1:3 R: R for the trade.
A break back under 1.28 would negate this scenario.


Comment:
Back above 1.3
Bullish more and more clear

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