USDCAD is currently testing its trendline near the 0.5 Fibonacci retracement level. With no divergence observed, the price shows potential for an upward move to form a new high. This presents a favorable buying opportunity at the current level, with a stop-loss placed below the previous higher low.
Trade active
Trade closed: target reached
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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.