#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
Trade closed: target reached: Upside remains favored..
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Great one. Missed it !
Target reached too, but agree, upside is favored :)
Rocketman Piet.Hein
What happened to all the anti-dollar sentiment?
Technician Rocketman
Well investors are still convinced that the u.s. economy is doing not bad and the fed will probably hike soon.
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 Fxprotrader
Thanks mate. Its going as expected.
+1 Reply
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