Potential $USDCAD Long against 1.3500
Hello Sophisticated Trader,
Along with the DXY renewed strength due to the coronavirus fear, the fundamentals seem to point to a potentially weaken the Canadian economy. The Pair has recently broken above the 100MA, a major resistance level and is suggesting a potential rise over the coming week. While 1.3500 stay supported, the pair would have its sight at 1.3800.
Remember to buy on support and sell on resistance.
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