Price closed at an Exit area for Bears to take profit last week. With that being said, we can expect price to come back up for another sell opportunity right around 1.26833 maybe this week. If price does hit that level, set your Take Profit around 1.25315 - 1.25016. However, if price breaks resistance at 1.27537, we suggest sitting out on USDCAD the remainder of this month. And we'll see what March will bring us.
Trade closed: target reached:
Confidently smashed.