Short USDCAD from the intersection of dynamic resistances in 1.2780 area. Stop set above R1 at 1.2800. 38.2% Fibo retracement level confirms the barrier at 1.2755.
First target 1.2710 set with the projection of trendline, once it's broken USDCAD may extend its slide back to recent low at 1.24.
First target 1.2710 set with the projection of trendline, once it's broken USDCAD may extend its slide back to recent low at 1.24.
Trade closed: target reached
First target 1.2710 reached, close below that level confirms USDCAD further decline to 1.2660 and 1.2540.
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.
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.