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USDCAD -Long above 1.3460

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 16, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    USDCAD was in the downtrend since 20th January this year. At the same time, Crude found some bid. At this stage we are sitting on 200ma ( USDCAD) and Crude oil touched 50% Fib retrecement at 39.30. We should se some correcting from the current levels. If the pair rallies above 1.3460 to make a higher high, there could be potential for long positions after pullback towards 1.3360 Three reasons for the long position: Touched 200 MA on daily charts. Touched Yearly Pivot Point at 1.3140 Stochastic

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