kirkhilles

CAD - Approaching Support level

Long
kirkhilles Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Looking at basic Support and Resistance lines and CAD seems to be approaching that bottom level. I'd go Long, but keep a short just below that line to keep it safe.
Trade closed: stop reached:
It was following nicely along the line until it rapidly dropped.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.