Usdcadbuy
USDCAD bounced from support, potential for a further rise!
USDCAD bounced off 1.30200 where it could potentially rise further to 1.32662.
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USDCAD LONG @ DAY CHARTUSDCAD
Due to the trade deal truce the oil prices are shoot up because of that the CAD also gaining some positive momentum at this time
In day chart the 100EMA and 200EMA has crossed towards downward this will attract more sell
The next target for bear is 1.30400 level
From this pint we can initiate the buy orders
And the potential take profit will be 1.33300 its around 290 pips
Stop lose may placed at 1.29900 level for high risk reward ratio
leave your valuable comments..
USDCAD approaching support, potential for a bounce!
USDCAD is expected to drop to 1st support at 1.31412 where it could potentially react off and up to 1st resistance at 1.31935.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.