Long opportunity on USDCADHello friend
As you know, the USD currency bias is Bullish as the United States monetary policy is hawkish
US hike the rate 0.75bp and is most hawkish bank right now.
In other hand, The Canadian dollar, despite good economic data, has not performed well in Forex
Also the possibility of lower oil prices puts pressure on CAD
So we forecast bullish movement for USDCAD and 1.2938 area is a good level to place your Buy limit
Ucdcad
USD/CAD Daily Update (8 Oct 2016)Did you follow my Long call on UC? Well Congrats to you.
It has touched our initial target of 1.33, to hit our TP.
Going forward, Market is still in BULL for sure. Before I want to add new long, I want to see the price steadily stays above 1.33 first..
Trade Safe
S0nic