Chart of the Day USDCAD

/ Chart of the Day / By Alex

USDCAD looking higher after the support bounce

USDCAD is bouncing off the support 1.3200 level again. This bounce is opening a possibility of a falling trend line 1.3400 level test . Only a daily close below 1.3200 could invalidate an upside reversal that is where the stops for the long trades should be. ARMAT trading system is pointing higher

Note: look for the long trade opportunities with the stop loss below 1.3200 on this bounce

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