USDCAD Breaks resistance

٢٩ سبتمبر ٢٠١٥

The USDCAD broke through the August high of 1:3343 overnight and held its break through to the market close. Positive RSI and a MACD crossover coincided with the break. I have entered long using the medium term uptrend as a stop level. The trade hopes to take advantage of ongoing risk aversion and increasingly hawkish fed speak. NFP data later in the week will clearly have an impact and | made decide to exit prior to the data release