Today is an important day for both USD and CAD.
Employment data from Canada and the USA are published at the same time. This leads to greater fluctuations.
Technically, USDCAD broke the downward trend in which it was and started raising H1.
This week we saw a sideways movement, and the break outside it will determine the future direction.
The probable scenario is to see a new rise to 1.2937. And with more movement and momentum, the next level is 1.3067.
The options for entering a trade are risky at the moment or wait for a break with the moment of the news!
The idea breaks down when the previous bottom breaks!
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
Employment data from Canada and the USA are published at the same time. This leads to greater fluctuations.
Technically, USDCAD broke the downward trend in which it was and started raising H1.
This week we saw a sideways movement, and the break outside it will determine the future direction.
The probable scenario is to see a new rise to 1.2937. And with more movement and momentum, the next level is 1.3067.
The options for entering a trade are risky at the moment or wait for a break with the moment of the news!
The idea breaks down when the previous bottom breaks!
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
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💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
