美元 / 加元

USDCAD 30min Analysis February 2nd, 2021

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Price has respected our key weekly level of 1.2865 as resistance once again. Currently we are consolidating around our other key weekly of 1.2800

Trade Scenario 1: Bullish - For us to go long we need to see price find support at our key weekly level of 1.2800, forming a nice double bottom. Enter on strong bullish setups off the weekly.

Trade Scenario 2: Bearish - For us to go short we need to see price push below our key zone of 1.2800. We will then wait for a retrace and for a clear LH below 1.2800. Enter on strong bearish setups.

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