FxWirePro
Long

USD/CAD trades higher on Iran nuclear deal,targets 1.2870

FX:USDCAD   U.S. Dollar/Canadian Dollar
396 3 9
USD/CAD             has recovered from low of 1.2732 as market awaited nuclear deal has been reached.

Iran and six major powers has reached historic nuclear deal, which will grant Tehran sanctions relief in exchange for curbs on its nuclear program.

WTI Crude oil             prices is currently trading at $51.30 after a slight recovery till $51.50 in Asian session.
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Technically USD/CAD             is facing major resistance around 1.2780 and nay break above would extend gains till 1.2835/1.2880/1.3063.

On the downside minor support is around 1.2690 and break below will drag the pair further down till 1.2650/1.2600.

It is good to buy at dips around 1.2780 with SL around 1.2725 for the TP of 1.2835/1.2880/1.3065
FiresJVV
a year ago
Great! How do you use Ichinoku in your trade setup?
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diamondekk
a year ago
hi, the potential range of grow from the triangle (1hchart) is near 1,2840 :
snapshot
; higher levels can be unreachable
Reply
I follow your idea. Thank you
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