It has reached a high and has been making lower highs ever since. The DX is also going down, making the USD weaker, making this a sell for the week. On the monthly charts, you can see the action and the Fibonacci retracement. Here are my swing trades for the pair:
USDCAD Sell Market:
SL: 1.38241
TP: 1.11317
and another trade:
USDCAD Sell MArket:
SL:1.34
TP: 1.11317
If you take these trades, you will lose about $90 on a 0.01 Lot size if it goes wrong. Use proper risk management.
USDCAD Sell Market:
SL: 1.38241
TP: 1.11317
and another trade:
USDCAD Sell MArket:
SL:1.34
TP: 1.11317
If you take these trades, you will lose about $90 on a 0.01 Lot size if it goes wrong. Use proper risk management.