Potential $USDCAD Long against 1.3500
Hello Sophisticated Trader,
Along with the DXY renewed strength due to the coronavirus fear, the fundamentals seem to point to a potentially weaken the Canadian economy. The Pair has recently broken above the 100MA, a major resistance level and is suggesting a potential rise over the coming week. While 1.3500 stay supported, the pair would have its sight at 1.3800.
Remember to buy on support and sell on resistance.
Minimize your risk and Maximize your profits.
Like, Comment, and Follow.
Let's Make Money Together!
Happy Trading!
Dr. Lydia Smith
Sophisticated Trader: Where we teach you what you need to know about trading.
