marco_casario
Long

USDCAD, waiting for a trend following opportunity

FX:USDCAD   U.S. Dollar/Canadian Dollar
The CAD is strongly tied to the commodities market. This is one of the reason why the USDCAD             has been bullish these period.
Crude oil             is now showing some signal of strength and the same is for Gold             and Silver             .

The USDCAD             has retraced on the previous support between 1.4 and 1.38.

It's about to create a good opportunity for a trend continuation trade with a good risk/reward.
It's ealry to enter now, but keep an eye on this cross.

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