USDCAD Swing Chart Analysis

Trading Forex With Zi Cheng

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USDCAD is a strong uptrend so its definitely better to look for buys only as it is going to increases the probability the of the trade working out.

USDCAD current price is too risky to enter a buy now as you might need huge stop loss because it has not retraced yet after an aggressive upmove.

USDCAD will be good for buys at the trend zone level as there is confluence from Fair Value Gap and as well as 50% Fibonacci retracement level. All these confluence makes that level a very strong level that could hold the price and push it higher.

Last updated: 10/31/2023 14:42

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