Chart of The day $USDCAD 07-4-2018

/ Chart of the Day / By Alex

On the USDCAD chart, we can see that the pair is testing the support 1.3050-1.3100 support zone. This zone needs to hold for an upside continuation. This is an usual pullback retest of the broken falling trend line. Near-term trend is bullish and in this sequence when RSI (13) 50 level holds it means that the uptrend should continue.

Note: look for the long trade entries with the stop loss below the 1.3050 level.

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