KENJICHEN

0422-USDCAD Analysis

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar

USDCAD
It is relative important week for CAD, it will have several event and economic data release in following days.

As we can see, USDCAD have some pressure and fail to create new high when approach 1.3390~1.3400, then decline at Asia market lately.

So, mkt reveal some positive signal to CAD and we can follow it by scheduling our strategies.

Consider short USDCAD around at 1.3365 first with little loss to targeting mass profit when Canada data release.

Support: 1.3340 / 1.3307
Resistance: 1.3370 / 1.3395
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