On the USDCAD daily chart, we can see that the pair is bouncing off the strong support zone 1.2750-1.2800. This bounce could lead to a 1.3200 level test for the upside continuation. This is also the intersection level for the falling long-term trendline.
Note: look for the long trade entries with the SL below 1.2800 level
Spring break discount! Start your spring trading with us!
Forex managed accounts! Track verified managed accounts on MyFxbook!
FOREX MANAGED ACCOUNTS
Now with our Annual membership new features! Portfolio doctor and trading sessions only twice a week! We will help you to trade cryptocurrencies!
JOIN US
Happy trading! (click on the chart to enlarge it)
Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy and allows you to make position Risk Free. If you want to learn all about it and become a professional Trader, sign up now we are accepting Bitcoins!