TradersClassroom

USDCAD Continuing Towards A Good Buying Opportunity

FX:USDCAD   U.S. Dollar/Canadian Dollar
27 0 1
We've had our eye on this pair for about a week or so waiting for it to pull back to a good buying area. If, and its a big if, we can pull back to the 1.1250 area where support from the channel and horizontal meet, then I think that would be a good area to consider a buying opportunity. We saw a small USD crash on Friday, so traders may be buying up USD this week. Either way, make a plan before trading. Check out our discussion on this in the Weekend Preview here: http://youtu.be/0Td5WXYzH6E


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