USDCAD FUNDAMENTAL AND TECHNICAL SWING IDEAGood Day Traders....
HERE'S A SHORT IDEA FOR THE USDCAD
USDCAD REMAINS DIRECTIONLESS ON MOST FRONTS BUT IT STILL REMAINS UNDER THE BULLISH PRESSURE FOR THE SECONF DAY IN ROW..
WE SAW A STRONG RECOVERY ON OIL WICH PROMPTED A BIT OF A PULL BACK ON THE PAIR...
I'M LOOKING FORA BOUNCE / TOUCH OF SUPPORT LEVEL 1.39831
RETRACE A BIT TO THE UPSIDE THEN CONTINUATION TO THE DOWNSIDE
IF WE SEE A BREAK OF LEVEL 1.39821 LEVEL WE WOULD BE IN A DOWNTREND LOOKING FOR SELLS TARGETING THAT 61.8 FIB LEVE.....
PERIOD - SWING...
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