csohrab

USDCAD Pullback Likely

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD has been accumulating around the 1.20 area for a while, we look for a long to 1.22500

1. Even though price is in a strong downtrend it has slowed significantly and is getting ready for a retrace
2. Buy volume has been increasing
3. USD is finding support and strengthening confirming our short term bullish bias

This is not financial advice. This is for educational purposes.
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.