Dear friends, in my previous USD/CAD idea, I mentioned about buying it. At that time price was at 1.3189 As you can see, whoever bought at that time easily made 220+ pips profit.
Currently, USD/CAD has faced a rejection at the 100-day EMA and a bearish candlestick has formed.
So, it is quite likely that in the coming day, we will see a pullback towards 1.3250 level.
If you have any questions about USD/CAD, you can write them here. You can also post your ideas here
KaltoireCapital
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USD/CAD's direction will also be determined by the general risk sentiment in the global equity markets. If the indices starts recovering and Oil price starts rallying again, we will see a stronger CAD. On the other hand if the sell-off continues in the global equity markets and Oil weakens further then USD/CAD will continue to move up. So, keep an eye on the fundamental aspect of things