USDCAD-opposite to the safe heaven assets
Updated
USDCAD
*As the Canada is one of the major oil exporting countries and their economy is also depends on this type of oil based industries
*After touching the march low which is 1.33250 it has reached almost 1.40000 level
*We can expect short term fall back towards 1.36400 which is also a 50% Fibonacci
*Suitable long positions may opened at this level
*Potential take profit will be 1.40000
*Stop lose may placed below the 100 EMA zone as i marked in the chart
*Leave your valuable comments related to this pair
*As the Canada is one of the major oil exporting countries and their economy is also depends on this type of oil based industries
*After touching the march low which is 1.33250 it has reached almost 1.40000 level
*We can expect short term fall back towards 1.36400 which is also a 50% Fibonacci
*Suitable long positions may opened at this level
*Potential take profit will be 1.40000
*Stop lose may placed below the 100 EMA zone as i marked in the chart
*Leave your valuable comments related to this pair
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