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alexkyp

USDCAD potential Buy

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
alexkyp  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns
1
0
trendanalysis chartpattern
The pair broke its 3 month upward turn around the 1.3665 area and followed a steep fall until last Friday.
It has been oversold for more than 600 pips and it found support around the weekly trendline and s&r are of 1.3080 -1.31.
We can wait for the pair to retest again the 1.3080 area and it could be a clear BUY position.
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