dead2live

usdcad likely to bounce

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
6
Nearing 1.3400 See text above. I know that usdcad consistently retraces, but this has a lot of support.

She'll most likely push down below the 200sma and bounce off heavy support zone.

I'm bullish usdcad, for now. Will would wait until the bounce and find appropriate price action before entering.

NOTE: My broker is closed. I cannot trade. GL
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.