Chart of the Day USDCAD

USDCAD is reaching an upside resistance

 

USDCAD is reaching a strong upside resistance 1.3250-1.3270 zone. A confirmed daily close above this ZONE should lead higher to 1.3400 level and it could be a good long trade. A rejection from here would open a healthy pullback into 1.3100. Search for the long trades on a break above 1.3270. In the case of rejection from this resistance zone go for short trade entries,

ARMAT trading system is neutral

Note: look for the long trade entries in the case of a break above 1.3270 with the stop loss below 1.3250

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