USDCAD Mid term long
Pair of interest for the week ⭐️
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USDCAD is at a very interesting level currently. US dollar was building momentum over the last week until Friday when some breaking news led to a break in the momentum.
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The CAD meanwhile took a correction from its recent strength which led the pair to range around 1.3150 - 1.3250.
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I will be looking for buys through out the week if price can continue to stay above 1.3250.
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Targeting 1.33 in the short term and on a longer basis 1.35 back to a common range.
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Should moves progress below 1.30 with important news coming through the week trades will be closed and the outlook on the pair will be revised.
.
USDCAD is at a very interesting level currently. US dollar was building momentum over the last week until Friday when some breaking news led to a break in the momentum.
.
The CAD meanwhile took a correction from its recent strength which led the pair to range around 1.3150 - 1.3250.
.
I will be looking for buys through out the week if price can continue to stay above 1.3250.
.
Targeting 1.33 in the short term and on a longer basis 1.35 back to a common range.
.
Should moves progress below 1.30 with important news coming through the week trades will be closed and the outlook on the pair will be revised.
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