Cabana Capitals Blog Technical Analysis USDCAD short term bullish trade setup to 1.3865

USDCAD short term bullish trade setup to 1.3865

USDCAD short term bullish trade setup to 1.3865 post thumbnail image

USDCAD is heading towards a line of 1.3865. If this movement continues, the price of USDCAD could test 1.3865 within the next 13 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.

Supported by Upward sloping Moving Average

Target: 1.3865 Entry: 1.3836 Stop: 1.3814

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