truetradero
Long

USDCAD at key support, rebound expected

FX:USDCAD   U.S. Dollar/Canadian Dollar
USDCAD             reached key support near 1.29. A rise from here is expected for a wave 5 that would eventually could bring the pair to the 1.60 area.

A break above 1.3650 would give credit to this scenario while a break below 1.290 would weaken it significantly if not completely.

This corresponds with crude oil             that reached important resistance in the $40 area and should see some retrenchment soon ( USDCAD             having a high negative correlation to the price of oil             ).
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out