YGForex

USD/CAD: Preparing for an upward movement!!!

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD have been testing this strong support level for quite sometimes and for now I will still stick with seeing USDCAD moving towards its resistance level. (Taking into considering the strength of USD) However, what we need to take note is whether it will break the resistance level and as for now I doubt so. Having said that, I feel it will be crashing downwards after testing this resistance level. However, this opinion is subjected to changes and I will keep all of you all updated for this pair. As of now, lets go with bullish movement to the resistance level for USDCAD.

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