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ChristieCapital

USDCAD posts an impressive rebound

Long
U.S. Dollar / Canadian Dollar (FOREXCOM:USDCAD)  
ChristieCapital  
FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
Technical Indicators Trend Analysis Chart Patterns USDCAD
5
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indicator trendanalysis chartpattern usdcad
Looking at the most active pairs, the USD/CAD jumped an impressive 208 pips to 1.362. We have to look at a daily chart in order to see its impressive rebound in Thursday's trading. Traders playing the rebound may want to consider a stop-loss at the high of the bullish hammer reversal candlestick that formed on Wednesday. Key resistance can be seen at 1.385.
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