CurrencyWaves

USDCAD Approaching tough resistance.

FX:USDCAD   U.S. Dollar/Canadian Dollar
71 0 5
USDCAD             is approaching tough resistance in the 1.3200 area following the two equal legs up. Also just ahead it the 200 day moving average. Longer term I am looking for 1.3550 but should see a retrace before higher.
Trade active: USDCAD looks to be reversing to the down side nicely.
Trade active: Looks like the USDCAD is going to retest the highs and possibly the 200 Day MA. I took profit on half my position at 1.31479 for 44. pips. Looks like I will be stopped out on the other half for a break even trade.
Trade closed: stop reached: Stopped on last half for -44
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