Pj29
Long

Long term daily chart trade idea buy on UC

FX:USDCAD   U.S. Dollar/Canadian Dollar
131 0 1
This trade was entered after weak retail sales data for the loonie and a potential reversal in USDOLLAR             selling. Look to Jackson Hole meeting Aug. 26th for more guidance from the FED on whether or not to raise interest rates this year. Raising rates would be considered bullish for the USDOLLAR             while doing nothing could be considered bearish . Also be aware of oil             prices and the negative correlation on this pair. Key levels of SUPPORT are 1.2763, 1.2653. Key levels of RESISTANCE are 1.2861, 1.3252, 1.3307. As of 7/19.
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