Trade idea.
USDCAD is at its key support zone, near the 1.3130 zone. If it gets broken and we see a daily close below that area, we may consider further declines, as it would confirm a forthcoming lower low and could clear the path towards the 1.3000 zone.
If it rebounds from 1.3130 and travels higher, this could confirm a wide range and the rate might continue balancing in that area for some time.
Please see the chart for levels and targets.
Don't forget your stop-loss.
USDCAD is at its key support zone, near the 1.3130 zone. If it gets broken and we see a daily close below that area, we may consider further declines, as it would confirm a forthcoming lower low and could clear the path towards the 1.3000 zone.
If it rebounds from 1.3130 and travels higher, this could confirm a wide range and the rate might continue balancing in that area for some time.
Please see the chart for levels and targets.
Don't forget your stop-loss.
註釋
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