Ready to buy dips or break outs

Long

U.S. Dollar / Canadian Dollar (OANDA:USDCAD)

Updated

OANDA:USDCAD U.S. Dollar / Canadian Dollar

Trend Analysis Beyond Technical Analysis USDCAD Forex currency usdcadlong daytradersfx

trendanalysis beyondta usdcad forex currency usdcadlong daytradersfx

USDCAD is looking pretty oversold, 1.2460 looks like a nice level to start getting long, watching 1.2740/50 area for the first target. USD seems eternally weak so I will protect profits quickly and aggressively.

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Here are 3 more charts that make this set up even better

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Jared Johnson
Union Hedge Funds

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