The usdcad is in a nice uptrend and we are buying the dips in the pair.
Earlier in the week we saw price retreated from the high of 1.34329 to retest the strong turning point 1.3279 which was broken on 19/11/2015. Another strong indication is the presence of the ascending trend line which price is currently leaning on. Here we are going long in the pair and we expect price to break the following key zones:
1.3369, 1.3432 before 1.3457 which will be the target for this trade.
A small stop loss…
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