USDCAD Long
USDCAD has been in a longterm bullish run, with recent price action, price is looking to head higher. Price has been making HL and LL in the daily timeframe. Price failed to stay below 1.3000, and come back into the range and made a HH. With the NAFTA deal not going anywhere and weakening Canadian economy, I believe it will let price continue its bullish run. Next target for this pair is 1.32800 area and I believe price has potential to go and fill up the 1.33500-1.34000 range.
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.