danresdidualfx

USD/CAD analysis: trade setup

Long
danresdidualfx Updated   
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
excuse the late post, but there are CAD interest rate projection talks which are running in play, I suspected that rates would remain the same due to the global slowdown currently going on. From a technical perspective, a 3rd drive could be made as a new lower high around the 1.3200 region in which is confluence with the 61.8% fib and the trendline.
Comment:
SL was moved to breakeven, weakness of the dollar is too dominant

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