Topic: USD/CAD - Trading idea

Support/Resistance:

1.1519 – WR1

1.1474 – Intraday Resistance

1.1450 – 1.1465 – Supply Zone

1.1416 – Weekly Pivot

1.1413 – Intraday Support

1.1357 – WS1


The day traders should wait for the range breakout to trade this market in the upward direction from the level of 1.1474. Please remember that the uptrend is still intact and swing traders still should consider buying the dips as the market has to complete more waves to the upside. The SL orders should be placed below the level of 1.1338.

Share