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MtxTrader
Nov 14, 2016 8:12 PM

USDCAD Bullish Past Resistance Zone 1, up to 1.38 Long

U.S. Dollar/Canadian DollarFXCM

Description

After some indecisiveness this weekend, the US Dollar has proved its strength with the first daily candle closing in under 2 hours. Past the 1.35 zone, the next major resistance begins at 1.38.
This provides me with a solid buy opportunity for around 200 pips. Target varies, but I will be placing a buy order at 1.3610 so 1.3600 cannot act as a psychological resistance area.
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