The USDCAD still my favorite BUY strategy.
We got a regression channel with support 1.2314, and a BB support under 1.2260. RSI neutral and MACD positive.
It is my suggestion to buy USDCAD between 1.2327 - 1.2376 (current) and take profit at the mid-level of the regression channel 1.2657.
OIL is overbought, and any correction there would make USDCAD move upwards.
Stops should be placed under 1.2260.
We got a regression channel with support 1.2314, and a BB support under 1.2260. RSI neutral and MACD positive.
It is my suggestion to buy USDCAD between 1.2327 - 1.2376 (current) and take profit at the mid-level of the regression channel 1.2657.
OIL is overbought, and any correction there would make USDCAD move upwards.
Stops should be placed under 1.2260.
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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.