USD/CAD Buy

2019年1月8日

There is good opportunity to go long on USD/CAD. Pair is approaching a strong support level around @1.3225-30 level. This level was reversal bear point for the pair on 6th September, however things have changed since then. Oil which has positive correlation with Canadian dollar has fallen over 20% since then from level of 775/BL to currently trading at 58/bl. In the last few days US dollar lost around 400 pips and is time to gain some momentum and go up against CAD dollar. So lets wait it for to fall to support level show in the chart and then go up.

https://www.tradingview.com/x/SCnTy5VH/