USDCAD BULLISH
I've been bullish on the USD for awhile now due to the rising risk off sentiment caused by the Covid Delta Variant.As the market Is uncertain at this point of time we may see people opting more on the USD and JPY pairs.Looking at USD CAD It has reached a significant trendline in the higher timeframes and also showing signs of rejection there.The risk to reward here seems good for a long position.
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.
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.