USDCAD – WEEKLY OUTLOOK

USDCAD – WEEKLY OUTLOOK


So we always try to have a plan for both sells and buys but the #loonie looks long here.

It’s currently sitting just above one of the strongest levels of support I’ve ever seen:
Key Key psychological 1.30 level
Weekly 61.8% Fib Retracement! (WEEKLY FROM JUNE 2017 SWING LOW!!!)
Previous September lows when the DXY was crumbling couldn’t break this level!

So as far as sells goes, unless we see an intra day technical validation, we won’t be selling this week.

See arrows for 2 buy options! Trade safe with the election incoming!

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