The USDCAD Breaking Out Above 1.3000

FX:USDCAD   U.S. Dollar / Canadian Dollar
Last post: March sixth. See chart.

Review: Price had broken through the daily 200sma but was faced with resistance at 1.3000.

Update: Price did a pop and drop above 1.3000, pulled back to the daily 200sma and since April, price has been bullish and has now broken March resistance.

Conclusion: Applying patience and waiting for the right opportunity to enter long trades with is also dependent on the DX!1.

Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!

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