Daniel.Dalo

USDCAD - Waiting for the breakout

FX:USDCAD   U.S. Dollar/Canadian Dollar
48 3 3
Currently price is inside a channel, but RSI showing weakening of the sellers, so I would expect a breakout to the upside, however, it can break to the downside and retest previous lows. If everything goes how I expect, I would take profit near the resistance zone above current price.

Good luck to everyone!!
MinervaFX
2 years ago
yes, you are right, but it is a bit of gambling today due to many news from US and CAD. It might go anywhere today. I got out of my short trade. Don't want to get stopped out in a matter of seconds after the news release.
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Daniel.Dalo MinervaFX
2 years ago
I'll pay close attention to that before entering any trade today.
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MinervaFX
2 years ago
check eur/gbp 60 min chart
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