Technician
Long

#USDCAD at Crossroads #forex

FX:USDCAD   U.S. Dollar/Canadian Dollar
3012 6 67
USDCAD             is retesting a potential key support area:


We might see a bounce from here, thus i would target 1.3000 as a first target for the potential bullish scenario
If we break below 1.2800 with daily closing, I would close longs and short targeting 1.2660 as an initial target.

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My Best Regards
Technician
Trade closed: target reached: Upside remains favored..
Great one. Missed it !
Reply
Target reached too, but agree, upside is favored :)
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Rocketman Piet.Hein
What happened to all the anti-dollar sentiment?
Reply
Well investors are still convinced that the u.s. economy is doing not bad and the fed will probably hike soon.
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Great analysis as always. Counting waves to this one i believe that in that support zone we have wave iv completion. So i believe there is one more rally before a massive drop. Well done Technician..!
+2 Reply
Technician TOP Fxprotrader
Thanks mate. Its going as expected.
+1 Reply
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