This is an excerpt from our Trading strategy report for 2017 about USDCAD
After falling for the most part of the Year 2016, the pair managed to stay in the medium term uptrend in the final months of the year, keeping the long term uptrend intact for 2017.Targets for the next year are 1.4134 level retest and extension levels 1.4980 and 1.5500.
First, the pair needs to hold 1.3100-1.3300 zone and you should be entering long trades for the mentioned targets, throughout the next year, as long as the pair is above this zone.
Happy trading! (click on the chart to enlarge it)
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