Hello Traders, welcome to the Daily Forex technical analysis
. Today is July 23rd, 2019 and we will be taking a look at the U.S. Dollar against the Canadian Dollar
. Looking at the 4 hour time frame we are looking for price action to reach the 1.31 key resistance area
for a loss in momentum and possibly an opportunity to find a profitable short. Entry for a Short position near the 1.31623 area, with a Stop Loss near the 1.32073 zone, with a target profit level area of 1.30697 could ensure a profitable trade with a 2.06 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!