Overall view of USDCAD - Update of June 24th week

Jun 24, 2019

The support zone earlier tested multiple times was finally broken acknowledging the bearish trend. Prices are heading to settled on a new support zone containing the low of the year @1.30680.

Possible targets: @1.31000 (+80pips) and @1.30000 (+180 pips).

Advice: Stay bearish and sell at any high point while we don't reach back 1.33000 top level.

Jun 25, 2019

Note

The trend is bearish and prices slightly reject on @1.31500 level. A downward break would considerably increase chances to reach our target. Remain bearish and sell high points.

Jun 26, 2019

Note

We are closer to the target, you can now put your trades at breakeven.

Jun 27, 2019

Trade closed: target reached

Target tested. Nice and decent trade.

Jul 13, 2019

Note

Target 2 reached. Great opportunity market gave here.