I have been monitoring USDCAD for quite some time now. 1.3340 area is a pretty strong support level which also happens to be the broken resistance level back in March'2020. So, I believe it's possible for USDCAD to rally up to the 1.3700 area.
You can also see a strong bullish impulse in the 4H chart.
So, buying between 1.3340-1.3400 with SL below 1.3300 and TP at 1.36 seems like a good trade idea to me.
You can also see a strong bullish impulse in the 4H chart.
So, buying between 1.3340-1.3400 with SL below 1.3300 and TP at 1.36 seems like a good trade idea to me.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.