USDCAD Buy Idea

Apr 27

USDCAD is bouncing off a major daily support level around 1.38100 after a strong bearish move. Price action shows early signs of bullish interest, with the potential for a correction toward the 50-day Simple Moving Average. My target is set slightly lower at 1.4142 to ensure profits are secured before major resistance hits.

Apr 29

Trade active

Demand Zone Still Holding

USDCAD is still hovering within the demand area, showing signs of buyer interest but not yet taking off. This zone remains valid for the long setup shared earlier.

I'm holding my BUY positions as long as the price stays above 1.3780. If the price closes below 1.3780, it would weaken the bullish outlook. The Stop Loss remains at 1.3720, to give the setup room to breathe while protecting downside risk.

5 days ago

Note

Moved SL to above the breakeven point.