Hello again! it's been awhile since i have talked about any pair, so let's get started already!
USDCAD, what a run all the way towards 1.2920, as you can see 1.30 level is a psychological level for traders as it holds a large amount of resistance, that's why it's been volatile during the week!
keep in mind that the FED meeting will be held next week on Tuesday and that's alone may move the dollar sharply.
for now, i think the pair is still bullish and may test 1.3165 which is the low of June 14th 2017, buying dips will be the best strategy to take for now as long as the pair showing sort of a support around 1.2920
USDCAD, what a run all the way towards 1.2920, as you can see 1.30 level is a psychological level for traders as it holds a large amount of resistance, that's why it's been volatile during the week!
keep in mind that the FED meeting will be held next week on Tuesday and that's alone may move the dollar sharply.
for now, i think the pair is still bullish and may test 1.3165 which is the low of June 14th 2017, buying dips will be the best strategy to take for now as long as the pair showing sort of a support around 1.2920