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FX CHART OF THE DAY: USDCAD BREAKDOWN RISK
U.S. Dollar / Canadian Dollar
Short
FX CHART OF THE DAY: USDCAD BREAKDOWN RISK
By Killy_Mel
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Aug 31, 2015
4
Cheer
Cheer
Aug 31, 2015
USDCAD is on risk of breakdown from its relevant lateral trend, marked by the 1st standard deviation from weekly (120-h) mean.
Traders can pick shorts at the lower 1st standard deviation (@ 1.3200)
Stops should be placed at the weekly mean (@1.32550)
Traders also should mind incoming news events next on Tuesday!
breakdown
NEWS
risk
short
USD (US Dollar)
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