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Profound_Ambition
Nov 28, 2017 7:23 AM

USDCAD DAILY 

U.S. Dollar/Canadian DollarFXCM

Description

Price broke its daily uptrend line but seems to be needing a retest still, price also quickly bounced off daily support back to the upside. I will be watching price at the CTL for either a break to the upside or bounce to head back lower. Confirmation is key!
Comments
Todd1906
I Opened short a while ago.. Been waiting for this dip.
Profound_Ambition
@Todd1906, yeah its a slow pair right now, both currencies are weaker right now. Lets see how Wednesdays news on oil effects CAD
Todd1906
@eazywayout, I would assume lowering oil prices will reduce the value of the CAD.
RafaelBlanco
@Todd1906, i don't know the cause but what ever it is the call is working out perfectly. :)
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