Trade of the Day USDCAD

USDCAD testing the wedge support

 

USDCAD is reaching the 1.2580 wedge support. This support is the key to a medium-term uptrend continuation. A confirmed break below would lead to a downside reversal and swing lower to 1.2100. A bounce is required for a swing higher for a test of 1.2830.

Note: look for the long trade entries with the stop loss below 1.2580

USDCAD price action analysis

 

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