USDCAD Long Trade-006
Updated
https://www.tradingview.com/chart/ZnatBUjV/
USDCAD
USDCAD will bounce back from May17 support level around 1.38 and its also a 50% Fib level.
Oil prices have been on decline, hence that should be reflected in weak CAD dollar. There have been series of bad news on US side which is reflecting in US dollar, however CAD dollar is already showing signs of weakness.
Enter Long USD CAD 1.3810-20 Level
USDCADUSDCAD will bounce back from May17 support level around 1.38 and its also a 50% Fib level.
Oil prices have been on decline, hence that should be reflected in weak CAD dollar. There have been series of bad news on US side which is reflecting in US dollar, however CAD dollar is already showing signs of weakness.
Enter Long USD CAD 1.3810-20 Level
Note
Put this idea on Sidelines as this not get triggered.Move to Idea number 007
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.