Chart of the Day USDCAD

USDCAD is reaching the range bottom

 

USDCAD is testing the 1.3050 level and is trying to bounce. A bounce will lead to an upside range move into 1.3250 level. We need to see a break above the 1.3100 for the upside reversal. A confirmed daily close below 1.3050 is required for a downside extension.

ARMAT trading system is neutral

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

 

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