Technical analysis signals a possible correction of the USD/CAD currency pair after significant growth over the past two weeks. There is a classic reversal formation in the trading instrument – the price and MACD histogram divergence (H1 timeframe). At the moment, the USD/CAD quotes are consolidating near the round level of 1.33000. The local support is the mark of 1.32650. We recommend you to pay attention to this situation.
If the price fixes below the level of 1.32650, one should look for entry points to the market to open short positions. The immediate goal for fixing profit is 1.32300-1.32000. In the medium term, the USD/CAD currency pair may reach the level of 1.31600-1.31100. When tracking the position, we recommend using a trailing stop.
by , 2018.06.20
Este artículo representa una opinión personal y no debe interpretarse como un consejo de inversión, y/u oferta, y/o una petición persistente para llevar a cabo transacciones financieras, y/o una garantía, y/o un pronóstico de eventos futuros.
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