1.3 is going to be a hard level for $USDCAD to break

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Jul 16, 2015 3:56 PM

If it will, it will probably continue towards 1.34 and the 61.8 Fib level.
1.24 is the nearest weekly support and the potential target zone for a swing/position bearish trade

Comments

TradingWisdoms

⋅ Jul 16, 2015 6:26 PM

Nice chart, looks as well as cup and handle. Once it is broken opens 1.70 as target