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USDCAD Medium term Trendline break

OANDA:USDCAD   USD/CAD
41 0 11
5 days ago
USDCAD             managed to break the medium term trendline that acted as a springboard from October. As long as we get a close below the trendline we target previous swing lows at the 1.3379 area and then support at 1.3300-1.3266 area. Please have a look at the related idea for a longer term possible outlook. A close above the downward sloping trendline means trouble for shorts
3 days ago
Comment: Inside day formed yesterday. A break below yesterday's low or above yesterday's high should see some follow through for a day trade. Longer term levels are the trend line above and swing lows coming in at 1.3266
3 days ago
Comment: Broke Inside Day lows
snapshot
2 days ago
Comment: USDCAD coming into area of support. Should be stops below 1.3265 (previous swing low)
snapshot
2 days ago
Trade closed: target reached: Pre-NFP target hit
Disclaimer: Ideas and reports for educational purposes only. Not investment advice.

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