thetraderidea

USDCAD awaiting confirmation to 1.29

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
With dollar strength and a weak Canadian dollar its looking very likely were going to say and upward direction to 1.29 and potentially beyond. With the technicals to back it up overall an uptrend passing key resistance zones with full force, I expect some consolidation in the highlighted area. And then we have to assess if we have the confirmation of a further uptrend which looks likely, I will then look to go long.
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