USDCAD Support bounce expected here
After calling out the trendline break last week to our members the news that the BOC was hawkish created a selling frenzy along with the technical symbol. We hit support on the weekly today as well as the daily and I took a long. A long for a scalp as well as a long for a swing trade. This is not only a technical support bounce but also a fundamental play based on the current price of oil.
I SEE THE 1.3490 AREA AS A GOOD TARGET AREA.
I SEE THE 1.3490 AREA AS A GOOD TARGET AREA.
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