USDCAD-opposite to the safe heaven assets
USDCAD
As the Canada is one of the major oil exporting countries and their economy is also depends on this type of oil based industries
After touching the march low which is 1.33250 it has reached almost 1.40000 level
We can expect short term fall back towards 1.36400 which is also a 50% Fibonacci
Suitable long positions may opened at this level
Potential take profit will be 1.40000
Stop lose may placed below the 100 EMA zone as i marked in the chart
Leave your valuable comments related to this pair
As the Canada is one of the major oil exporting countries and their economy is also depends on this type of oil based industries
After touching the march low which is 1.33250 it has reached almost 1.40000 level
We can expect short term fall back towards 1.36400 which is also a 50% Fibonacci
Suitable long positions may opened at this level
Potential take profit will be 1.40000
Stop lose may placed below the 100 EMA zone as i marked in the chart
Leave your valuable comments related to this pair
Trade closed manually
