USDCAD, Daily TF, buy on support

2022年1月18日

Trade ideas for USDCAD

Price now found support at MA-200. This is also near 61.8 fibonacci retracement of recent upwards movement.

I think we will see further upside on this pair as all pairs are weakening against USD. Only CAD lagging behind it.

Buy USDCAD 1.2520
Stop loss 1.2450
Take profit 1.3000 (6.8R)

Use only 1-2% risk
Good luck
Disclaimer ON