Jonathan_Connolly

Jonathan_Connolly

The Dollar has seen recent strength over the majority of its pairs. Although most are giving back some of the gains the USD/CAD is one of the least over done. If you have been following my analysis from yesterday of the entry price at 1.2875 the 0.236% fib level from 2017 September lows and recent March highs was struck nicely. The fib level had come into contact...

Jonathan_Connolly Updated 

The pair has been in a 100 pip range from early last week. Finding support at the 1.28500 and resistance at 1.29300 a significant 0.5 fib level from 2017 May highs and september lows. Looking for a short term bullish break above 1.29300. RSI is middling at 50 on a daily chart down to the 1 hour chart. Entry price at 1.2750 Stop at 1.2830 Limit 1.3000 Ratio 2.7:1