It’s difficult to see a trader trading actively on American pair USDCAD (the American dollar against Canadian dollar) because of the correlation of economic processes inside these two allied countries, which made the fundamental calculations on the prognosis of currency development unsuccessful.
Now it is worth paying attention to this pair because of the possible formation of strong reverse signal- double bottom. To consider the signal complete it is necessary to expect the breakdown up by 0.9946 (it is nice to have patience and to expect the rebound from this level after the breakdown).
When signal appears it is not unlikely to buy with the stop lower than the level of 0.9946 and to gradually tighten the profits by stops. And a goal of the ascending trend that would have to be formed after realization of the signal is around 1.0150.Social button for Joomla