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csohrab
May 31, 2021 8:18 PM

USDCAD Pullback Likely Long

U.S. Dollar/Canadian DollarFXCM

Description

USDCAD has been accumulating around the 1.20 area for a while, we look for a long to 1.22500

1. Even though price is in a strong downtrend it has slowed significantly and is getting ready for a retrace
2. Buy volume has been increasing
3. USD is finding support and strengthening confirming our short term bullish bias

This is not financial advice. This is for educational purposes.
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