YESFX GLOBAL
Technical Analysis USD/CAD
As discussed yesterday the USDCAD is in a major uptrend as long as 1.4400 holds medium term. 1.4400 has broken so we now look for shorts against the 1.4400 level and medium / short term trend. Support immediately comes in around the 1.4175 level and if this breaks we are looking for a full 50% retrace to the 1.3830 level. Bear in mind we are counter-trend trading in a major uptrend thus far here so use smaller position sizes. Go short at suggested levels looking for a target around the 1.3850 / 1.3750 level.
#usdcad #forex #fxtrading #investing #traders #fxtraders #trading #fx
Technical Analysis USD/CAD
As discussed yesterday the USDCAD is in a major uptrend as long as 1.4400 holds medium term. 1.4400 has broken so we now look for shorts against the 1.4400 level and medium / short term trend. Support immediately comes in around the 1.4175 level and if this breaks we are looking for a full 50% retrace to the 1.3830 level. Bear in mind we are counter-trend trading in a major uptrend thus far here so use smaller position sizes. Go short at suggested levels looking for a target around the 1.3850 / 1.3750 level.
#usdcad #forex #fxtrading #investing #traders #fxtraders #trading #fx