USDCAD Long Good Support

FX:USDCAD   U.S. Dollar / Canadian Dollar
Good buy at 0.98515. Stop Loss at 0.9827 which is support from a while back (several times last August and September) . First point of resistance comes at 0.9900, so conservative play is to close half of your position at 0.9897 and then target is 0.9918 (a bit under 0.9920).

This gives basically 2:1 risk:reward at the 0.9900 level, and close to 3:1 risk:reward at the 0.9920 level.

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.